PRIV S2.21 Additional Statements and Information for Property Funds

For a property fund, the following statements and information:

(a) the nature of the commitment that participants will enter into;
(b) if the scheme is an open-ended scheme-a prominent risk warning that refers to the particular circumstances in property markets that can cause difficulties in meeting redemptions;
(c) details of transactions or agreements entered into, or proposed to be entered into, with affected persons;
(d) full particulars of the nature and extent of the interest (if any) of affected persons in the immovables owned, or proposed to be acquired, by the scheme;
(e) details of significant participants and the number or percentage of units held, or proposed to be held, by each of them;
(f) a statement to explain the standards according to which property valuations are conducted for the scheme;
(g) the maximum percentage of the scheme's net asset value at any time that may consist of property — related assets that are not traded or dealt in on markets provided for in the constitutional document;
(h) the maximum percentage of the scheme's net asset value at any time that may be invested in any single immovable and, if applicable, the conditions under which the scheme may depart from this restriction;
(i) the maximum percentage of the scheme's net asset value at any time that may consist of immovables that are unoccupied and non-income producing or in the course of substantial development, redevelopment or refurbishment;
(j) the maximum percentage of the scheme's net asset value at any time that may be invested in immovables that are subject to a security interest held otherwise than by the operator or its nominee or delegate.
Derived from QFCRA RM/2010-06 (as from 1st January 2011)