CIR 14.4.1

A Fund Manager of a Feeder Fund must ensure that the Fund's Prospectus discloses:

(a) a prominent risk warning to alert prospective Unitholders to the fact that they will be subject to higher fees arising from the layered investment structure;
(b) the fees arising at the level of:
(i) the Feeder Fund itself;
(ii) if applicable, the Master Fund of the Feeder Fund; and
(iii) if applicable, any underlying Funds into which the Master Fund invests, to the extent known.
Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]