Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Board Notices

Advertising, marketing and information disclosure requirements for collective investment schemes

Part I : Definitions, Objectives and Application

2. Objectives

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This Notice aims to—

(a)provide a legal framework within which managers of collective investment schemes may advertise and market their products in a manner which ensures that investors base their investment decisions on full, accurate and comprehensive information;
(b)protect investors from deceptive, misleading, unfair or fraudulent conduct by managers through advertising and marketing material;
(c)promote the fair treatment of investors;
(d)encourage fair competition amongst managers;
(e)promote the use of plain and understandable language by managers in respect of any information provided or displayed to investors;
(f)ensure alignment with relevant international information disclosure standards and practices;
(g)encourage investor understanding of the key features of a collective investment scheme through the manager's use of suitable disclosures for the intended target market; and
(h)determine the manner in which managers must lodge advertising and marketing material.