IFR 3.8.1 Guidance

1. An Authorised Firm may make the initial disclosures required under IFR Rule 3.8.1(a) by including such information in the Client Agreement provided under COB chapter 3.
2. An Authorised Firm Managing a PSIA may make additional disclosure required to be made relating to PSIA by including such information in the Client Agreement. See IFR chapter 5 for additional disclosure for PSIAs.
3. A Fund Manager making an Offer of a Unit of a Fund it manages is required under Rules CIR 14.3.1(b) and CIR 14.3.2(b) to include information specified in IFR Rule 3.8.1(1) in the Prospectus which it must prepare and make available to Clients, hence the exemption in IFR Rule 3.8.1(2). A similar exemption is available to Fund Managers with regard to key information that must be provided to a Client under COB Rule 3.3.1(e).
Derived from DFSA RM69/2010 (Made 1st March 2010). [VER1/03-10]
[Amended] DFSA RM72/2010 (Made 11th July 2010). [VER2/07-10]