Regulatory Alerts2018-01-01
Circular No. 4 of 2018 on Updating Prospectuses or Information Memoranda for Investment Funds
The Financial Regulatory Authority (FRA) issued Circular No. 4 of 2018 to establish updated rules for prospectuses and information memoranda governing investment funds under Law No. 95 of 1992. The circular mandates fund managers to systematically revise and disclose material changes to these key offering documents, ensuring investors receive timely and accurate information. It further outlines specific procedural requirements, timelines, and disclosure standards that fund administrators must follow to maintain regulatory compliance.
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