Section 153 Investments and Securities Act

Section 153 of the Investments and Securities Act 2025 is about Disclosure of information. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows:

Before the manager of a scheme enters into a transaction with an investor —

(a) information about the investment objectives of the scheme, the types of securities the scheme invests in, the calculation of the net asset value and dealing prices, charges, risk factors and distribution of income accruals shall be disclosed to the investor; and

(b) information that is necessary to enable the investor to make an informed decision shall be given to the investor timeously and in a comprehensible manner.