28 August 2012
The Australian Securities & Investments Commission ("ASIC") issued Regulatory Guide 46 'Unlisted Property Schemes - Improving Disclosure For Retail Investors' ("RG46") in September 2008. RG46 sets out particular disclosure principles for improved disclosure to retail investors to help them compare risks and returns across investments in the unlisted property sector.
Since Cromwell Funds Management Limited (“CFM”), as responsible entity of the Cromwell Ipswich City Heart Trust (“ICH” or “the Trust”), issued the Product Disclosure Statement for the Trust on 16 December 2011, there have been no changes to the RG46 disclosure principles for the Trust.
CFM reviews RG46 disclosure principles in relation to all its managed funds at least twice each year, with the next review due to occur in early November 2012.