ADVOKS GLOBAL · KENYA
The Capital Markets (Collective Investments Schemes) Regulations, 2023
169. Advertisement
Edition: 2023-12-15 · In force
169. Advertisement
(1)In an advertisement, the fund manager shall clearly label or identify—(a)the name and description of the fund;(b)the name of the benchmark used, where applicable, which shall include the key features of the benchmark or the name of the benchmark for a readily recognized index or other point of reference; and(c)the periods that are presented.(2)All information in an advertisement shall be presented in the same currency and that currency disclosed.(3)The fund manager shall present total returns according to at least one-year, three-year, and five-year annualized returns through the most recent period.(4)The fund manager shall disclose the current expense ratio and which fees, including performance-based fees and expenses are included in the expense ratio.(5)The fund manager shall disclose the risk measures or qualitative disclosure in a manner that a prospective investor will understand.(6)The fund manager shall disclose the fund’s sales charges and how they are reflected in the fund’s returns, if applicable.