(1) The Collective Investment Management Company shall beforelaunching any 93 [collective investment scheme] file a copy of the offer document of the 94 [collective investment scheme] asreferred to in sub-regulation (1) of regulation 24 with the Board and pay filingfees as specified in the Second Schedule.
(2) The offer document shall contain such information as specified in the SixthSchedule.
(3) The offer document shall also contain true and fair view of the 95 [collective investment scheme]and adequate disclosures to enable the investors to make informed decision.
(4) The Board may in the interest of investors require the CollectiveInvestment Management Company to carry out such modifications in the offerdocument as it deems fit.
(5) In case no modifications are suggested by the Board in the offerdocument within 21 days from the date of filing, the Collective InvestmentManagement Company may issue the offer document to public.
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