Section 187 Investments and Securities Act

Section 187 of the Investments and Securities Act 2025 is about Publication of scheme particulars. It is under Part XIII (Collective Investments Schemes) of the Act. It provides as follows:

(1) The manager of a scheme shall publish particulars of the scheme or make available to the public, upon request, any document containing information about the scheme in a manner prescribed by the Commission.

(2) Regulations made under this section may —
(a) require the manager of a scheme to submit and publish or make available revised or further scheme particulars where —
(i) there is a significant change affecting any matter contained in such particulars previously published or made available which inclusion was required by the regulation, or
(ii) a significant new matter has arisen, disclosure of which would have been required in previous particulars if it had arisen when those particulars were prepared; or

(b) provide for the payment of compensation to any person who has become or agreed to become participant in the scheme and suffered loss as a result of —
(i) any untrue or misleading statement in the particulars; or
(ii) the omission from the particulars of any matter required by the regulations to be included by the person or persons who in accordance with the regulations are treated as responsible for any scheme particulars.

(3) Regulations made under this section shall not affect any liability which any person may incur apart from the regulations.

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