Financial Markets Conduct Regulations 2014

59 Templates

(1)

A fund update must disclose the required or permitted information in the same format as in the templates for that fund update that are set out in an applicable framework or methodology (if any).

(2)

A fund update must—

(a)

round figures to 2 decimal places, or more if additional decimal places are necessary to ensure that the fund update is not misleading or are necessary to provide the required or permitted information; and

(b)

present the required or permitted information in the same order as in the relevant template; and

(c)

contain no information other than the required or permitted information.

(3)

A fund update does not fail to comply with subclause (2)(c) merely because the fund update contains additional information that is necessary—

(a)

to clarify the required or permitted information; or

(b)

to put the required or permitted information in context to ensure that the information that is disclosed is not false or misleading.

(4)

A fund update does not fail to comply with subclause (1) merely because the fund update deviates from a template in the following ways:

(a)

uses a different font and size, as long as it is easily readable:

(b)

uses different borders, shading, colours, and other minor formatting variations:

(c)

includes 1 or more of the following:

(i)

the registered scheme’s or issuer’s brand or logo, provided that it is not distracting:

(ii)

contact information for the registered scheme, provided that it is not distracting:

(iii)

a reference or a link, or both, to the PDS or other relevant documents:

(d)

presents information side by side, uses columns, or uses more of the page than the template:

(e)

contains minor variations from the format in the template if this is necessary to ensure that the fund update is not false or misleading.

(5)

In this regulation, required or permitted information means the information that is required or permitted to be contained in the fund update by these regulations or an exemption.