Regulatory Alerts2018-03-26
Information Circular 30 of 2017: Publishing and Disclosure of Portfolio Performance
The Financial Services Board mandates that managers of collective investment schemes must disclose the performance of the overall portfolio whenever investment performance is published or advertised. This directive clarifies that mandatory portfolio performance calculations must be based on net asset values and cannot be replaced by the performance of a specific portfolio class or highest fee class, though class-level data may be included alongside the required portfolio figures. Managers are responsible for ensuring all advertising and disclosure documents comply with these standards and are granted a six-month period to rectify any non-compliance.
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