Section 119

a restatement of the investment objectives of the collective investment scheme;

a restatement of the policy for achieving those objectives;

a review of the investment activities, including in relation to paragraphs (a) and (b), during the period to which the report relates;

particulars of any fundamental change made requiring prior approval by unit holders' meeting since the date of the last report;

particulars of any significant change made requiring pre-event notification since the date of the last report;

any other information which would enable the unit holders to make an informed judgment on the development of the investment activities of the collective investment scheme during the period to which the report relates and the results of those investment activities as at the end of that period; and

for a collective investment scheme that invests a substantial proportion of its assets in other cbllective investment schemes, a statement as to the maximum proportion of management fees charged to the collective investment scheme itself and to other collective investment schemes in which that collective investment scheme invests.

In the case of an umbrella collective investment scheme, the information required in sub-regulation ( 1) must be given for each sub-collective investment scheme if it would vary from that given in respect of the umbrella collective investment scheme as a whole.

258

Comparative table for public collective investment scheme.