Prospectus must not contain any provision which is unfairly prejudicial to the interests of Unitholders generally or to the Unitholders of any class of Units.
(2) For the purposes of the information that must be included in a
Prospectus pursuant to Article 52 of the Law:
(a) such information must be material information; and
(b) information is material if it is either:
(i) within the knowledge of the
Directors or partners of the Fund Manager; or
(ii) which such
Directors or partners ought reasonably have obtained by making reasonable enquiries.
Prospectus must, except as provided in (4), be in the English language.
(4) The Key Investor Information Document (KIID) for a
Passported Fund must be in both Arabic and English.
(5) The expiry date of a
Prospectus must be no later than 12 months after the date of the Prospectus.
(6) A reference to a
Director in this Rule includes the Corporate Director of an Investment Company, and the individual directors of that Corporate Director.