Section 120
of Securities Markets Regulations, 2015
Section 120
The comparative table for the annual report for a public collective investment scheme must set out
(aJ the performance record over the last 5 calendar years, or if the collective investment scheme has only been in existence for less than 5
years, the remaining period in which it has been in existence, showing -
(i)
the highest and the lowest price of a unit of each class in issue during each of those years; and
(ii)
the net income distributed or, for accumulation units, allocated for a unit of each class in issue during each of those years, taking account of any sub-division or consolidation of units that occurred during that period;
fbJ as at the end of each of the last 3 annual accounting periods or all of the collective investment scheme's annual accounting periods, if less than 3 -
(i)
the total net asset value of the collective investment scheme property at the end of each of those years;
(ii)
the net asset value per unit of each class; and
(iii)
for a report of the directors of an investment company, the number of units of each class in issue; or
(iv)
for a report of the operator of any other collective investment scheme, the number of units of each class in existence or treated as in existence; and fcJ if, in the period covered by the table
(i)
the operator has been the subject of any event such as a transfer of a collective investment scheme having a material effect on the size of the collective investment scheme but excluding any issue or cancellation of units for cash; or
(ii)
there have been changes in the investment objectives of the collective investment scheme, an indication, related in the body of the table to the relevant year in the table, of the date of the event or change in the investment objectives and a brief description of its nature.
259
Oversight report.