Regulatory Alerts2020-10-12
Collective Investment Schemes (Advertising of Internal Schemes) Regulations, 1998
The Minister of Finance issued these regulations to standardize the advertising of internal collective investment schemes in Zimbabwe, mandating that all advertisements be issued by or on behalf of the scheme manager and contain accurate, clear, and properly attributed statements. The regulations prescribe detailed disclosure requirements for contractual advertisements and prospectuses, including specific rules on yield calculations, performance projections, fee structures, and restrictions for specialized schemes. Furthermore, managers must retain supporting evidence for three years, while the Registrar retains the authority to require the amendment or withdrawal of any misleading advertisement or prospectus.
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