To create a fund it is required to present the following documents:
Offer document
This document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. The operator must ensure that this documents:
· Is fair, clear and not misleading;
· contains the information needed for a prospective investor to make an informed investment decision;
· does not contain any provision which is prejudicial to the interests of participants or any class of participants;
· Does not contain any provision that conflicts with any principle or law;
· Is kept up to date and that revisions are made to it whenever a material change is made to the scheme or following the annual report and accounts.
Deed of Trust
This is a formal document which outlines the terms of a trust agreement
· Investor Forms
· Internal documents
Scheme documents
To launch a scheme, a number of documents are required:
1. Offer document
This document sets forth concisely the information about the scheme that a prospective investor ought to know before investing. The operator must ensure that this documents:
is fair, clear and not misleading;
contains the information needed for a prospective investor to make an informed investment decision;
does not contain any provision which is prejudicial to the interests of participants or any class of participants;
Does not contain any provision that conflicts with any principle or law; is kept up to date and that revisions are made to it whenever a material change is made to the scheme or following the annual report and accounts.
Deed Of Trust: This is a formal document which outlines the terms of a trust agreement
2. Investor Forms: Form conceived by RNIT to keep record of Unit holders