In forceAs enactedCurrent version · As enacted
Securities Markets Regulations, 2015 · As enacted
Official textFrom Attorney General's Chambers, unchanged
An operator of a private feeder fund must ensure that the collective investment scheme's prospectus discloses -
(a} a prominent risk warning to alert prospective unit holders to the fact that they will be subject to higher fees arising from the layered investment structure; and 3:0
{b/ the fees arising at the level of