Financial Markets Conduct Regulations 2014

58A Content of fund update for specified multi-fund investment option or specified life cycle stage

(1)

Every fund update for a specified multi-fund investment option or specified life cycle stage must contain all of the information specified in Part 4 of Schedule 4 that is applicable (applied with all necessary modifications as if the investment option or stage were a fund).

(2)

However, if the manager reasonably considers that it is likely to be useful to investors, the information in clauses 67 to 72 of Schedule 4 may (instead of being provided as would otherwise be required by subclause (1)) be—

(a)

set out on a per-fund basis (that is, on a basis relating to the funds to which the specified multi-fund investment option or specified life cycle stage relates); or

(b)

incorporated by reference to a relevant fund update for each fund to which the specified multi-fund investment option or specified life cycle stage relates.

(3)

In this regulation, relevant fund update means a fund update that is publicly available and is prepared as at the same date as the fund update for the specified multi-fund investment option or specified life cycle stage.

Regulation 58A: inserted, on 17 December 2015, by regulation 20 of the Financial Markets Conduct Amendment Regulations 2015 (LI 2015/276).