Entire section Custom print Link Text Only Rich Text Print
  Versions

 

CIR 14.4.4A

Without limiting any other disclosure obligations of the Fund Manager under these Rules, if the Fund Manager of a Public Property Fund itself acts as custodian of Real Property in accordance with CIR Rule 13.4.2, it must prominently disclose in the Fund's Prospectus:

(a) that it acts as custodian of the Real Property;
(b) the risks that may arise as a result of it acting as custodian rather than delegating the function to an Eligible Custodian; and
(c) the measures and safeguards it has in place to ensure the proper segregation and protection of the Real Property.
[Added] RM158/2015 (Made 9th December 2015). [VER19/02-16]