ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
164. Content of advertisement
Edition: 2023-12-15 · In force
164. Content of advertisement
(1)Any advertisement or invitation or other promotional material to the public or a section of the public, which includes information on the trustee, shall be accompanied by the trustee’s written consent.(2)If a collective investment scheme is described as having been approved by the Authority it shall be stated that, in giving this approval, the Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard.(3)Advertisements shall include a warning statement that—(a)the price of shares and the income therefrom if the collective investment scheme pays dividends may go down as well as up;(b)past performance is not reflective of future performance; and(c)a warning to investors that in certain specified circumstances the investors’ right to redeem their participatory interests may be suspended.(4)Warning statements shall be written in such a manner as to be capable of being read with reasonable ease by anyone reading the advertisement.