All deeds, invoices, notices, publications or other documents of any UCITS must bear its name, followed, as appropriate, by the indication SICAV, Mutual Investment Fund, as well as the reference of its authorization to operate issued by the Financial Market Commission.
The documents of any UCITS must also bear the names and addresses of the depositary and management company.
The SICAV and the management company shall, for each UCITS that they manage, publish:
- A background note including the articles of association of the UCITS or the Management Regulations of the Fund;
- An annual report for each financial year;
- A report covering the first 6 (six) months of the financial year.
The content of and conditions for publishing the background note and the annual and half-yearly reports shall be laid down by regulation of the Financial Market Commission.
The background note, and the annual and half-yearly reports published shall be provided free of charge to investors upon request.
The annual and half-yearly reports must be provided to shareholders or unit holders, the Financial Market Commission, the stock exchange and all institutions responsible for collecting subscriptions.
The accounting documents contained in the annual and half-yearly reports shall be certified beforehand by the statutory auditor.
The accounting documents provided for in this section shall be presented for certification to the statutory auditor within no more than 45 (forty-five) days of the end of the financial year for the annual report and 30 (thirty) days of the first half of the year for the half-yearly report.
The SICAV and the management company shall, for each undertaking for collective investment in transferable securities that the company manages, prepare a simplified background note including the appropriate information on the essential features of the UCITS concerned.
Such background note shall be provided to investors prior to subscription.
The information contained in this background note shall be clear, accurate, truthful and consistent with the relevant parts of the background note.
A regulation by the Financial Market Commission shall specify the mandatory information to be included in the simplified background note.
UCITS shall be required, under the conditions laid down by the Financial Market Commission, to post share subscription and redemption prices in their premises as well as the premises of institutions responsible for share subscription and buyback on the first business day following the determination of the net asset value.
The Financial Market Commission shall lay down the conditions under which UCITS should inform their subscribers and may be advertised or marketed directly.
The articles of incorporation or management regulations of UCITS, as well as documents intended to inform their unit holders or shareholders shall be drafted in English or French.
UCITS must provide to the Bank of Central African States and the National Credit Council the information required for the compilation of monetary statistics.