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Managed funds rules costly
Tuesday 17th of December 2013
In a submission on the Financial Markets Conduct Regulations exposure draft, Chapman Tripp has called for changes to regulation 16(a), which prevents lodging a supplement to a PDS for “managed funds”.
This would mean that changes to the PDS which are adverse to the issue, would require fund managers to produce a replacement PDS.
Chapman Tripp says there are some proble...
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