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Information for the public

Banks And Financial Institutions (Unit Trusts) Regulations, reg. 9 · Revised Edition 2020

In respect of a unit scheme, a licensee shall provide information to the public on the following– (a) the initial minimum investment and face value of each unit; 10 (b) the procedure for determining the value at which the units may be sold or purchased from time to time by the trust; (c) requirements for and the holding of or dealings with units by any parent or guardian on behalf of a minor; (d) particulars with respect to the persons to whom, the time at which, and the manner in which any payments in respect of a unit shall be made by the trust; (e) the conditions subject to which a unit holder may transfer the unit; (f) details of issue of a unit certificate representing the units sold to a purchaser.
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