Financial Markets Conduct Regulations 2014

79 Changes relating to the scheme

(1)

The annual report must contain a description of the material changes to the nature of the scheme, the investment objectives and strategy, or the management of the scheme over the accounting period, including—

(a)

any material changes to the governing document; and

(b)

any material changes to the terms of the offer of the managed investment products; and

(c)

any material changes to the SIPO; and

(d)

any material changes to the nature or scale of related party transactions (including a description of the changes).

(2)

The description must include a statement as to whether any related party transactions entered into during the accounting period were not on arm’s-length terms and, if so, a description of those transactions.

(3)

In this clause,—

arm’s-length terms means terms of a kind referred to in section 174(a) of the Act

related party transaction means a transaction that provides for a related party benefit to be given.