Duty to publish and file a prospectus

(1) No registered public fund shall within or outside of Belize offer its shares to the public unless prior to such offer it publishes in writing a prospectus signed by or on behalf of the board of directors (by whatever name called) of the fund, which approved the contents of the prospectus or authorised its publishing, and files a copy thereof with the Registrar. (2) Every prospectus shall, (a) provide full and accurate disclosure of all such as investors would reasonably require and expect to find for the purpose of making an informed investment decision; and (b) contain a summarised statement of investors’ rights as provided in section 16 of this Act; and (c) be accompanied by or contain reference to the availability of the financial statements for the last financial year of the fund and the auditor’s report thereon if the fund has completed a financial year in operation. (3) If all or any part of the prospectus is not in the English language, the Registrar may require that an English translation of the prospectus or that part of the prospectus, verified in a manner satisfactory to him, be filed along with the prospectus. (4) Where in a prospectus any of the disclosures required under subsection (2) (a) of this section, ceases to be accurate in a material particular, the registered public fund shall publish an amendment thereto giving accurate disclosures and provide a copy thereof to each of its investors and to the Registrar.