sou · GSB395d2 · 2005-01-01 00:00:00 — 2.1.A statement of the investment restrictions which apply to the collective investment undertaking, if any, and an indication of how the holders of securities will be informed of the actions that the investment manager will take in the event of a breach. 2.2.Where more than of the gross assets of any collective investment undertaking (except where items 2.3 or 2.5 apply) may be: (a)invested in, either directly or indirectly, or lent to any single underlying issuer (including the underlying issuers subsidiaries or affiliates); (b)invested in one or more collective investment undertakings which may invest in excess of of its gross assets in other collective investment undertakings (open-end and/or closed-end type); (c)exposed to the creditworthiness or solvency of any one counterparty (including its subsidiaries or affiliates); the following information must be disclosed: (i)information relating to each underlying issuer/ collective investment undertaking/counterparty as if it were an issuer for the purposes of the minimum disclosure requirements for the share registration document schedule (in the case of (a)) or minimum disclosure requirements for the registration document schedule for securities issued by collective investment undertaking of the closed-end type (in the case of (b)) or the minimum disclosure requirements for the debt and derivative securities with an individual denomination per unit of at least 000 registration document schedule (in the case of (c)); (ii)if the securities issued by the underlying issuer/ collective investment undertaking/counterparty have already been admitted to trading on a regulated or equivalent market or the obligations are guaranteed by an entity admitted to trading on a regulated or equivalent market, the name, address, country of incorporation, nature of business and name of the market in which its securities are admitted. This requirement shall not apply where the is exceeded due to appreciations or depreciations, changes in exchange rates, or by reason of the receipt of rights, bonuses, benefits in the nature of capital or by reason of any other action affecting every holder of that investment, provided the investment manager has regard to the threshold when considering changes in the investment portfolio. 2.3.Where a collective investment undertaking may invest in excess of of its gross assets in other collective investment undertakings (open ended and/or closed ended), a description of if and how risk is spread in relation to those investments. In addition, item 2.2 shall apply, in aggregate, to its underlying investments as if those investments had been made directly. 2.4.With reference to point (c) of item 2.2, if collateral is advanced to cover that portion of the exposure to any one counterparty in excess of of the gross assets of the collective investment undertaking, details of such collateral arrangements. 2.5.Where a collective investment undertaking may invest in excess of of its gross assets in another collective investment undertaking either of the following must be disclosed: (a)information relating to each underlying collective investment undertaking as if it were an issuer under minimum disclosure requirements for the registration document schedule for securities issued by collective investment undertaking of the closed-end type; (b)if securities issued by an underlying collective investment undertaking have already been admitted to trading on a regulated or equivalent market or the obligations are guaranteed by an entity admitted to trading on a regulated or equivalent market, the name, address, country of incorporation, nature of business and name of the market in which its securities are admitted. Where a collective investment undertaking invests directly in physical commodities a disclosure of that fact and the percentage that will be so invested. 2.7.Property Collective investment undertakings Where a collective investment undertaking is a property collective investment undertaking, disclosure of that fact, the percentage of the portfolio that is to be invested in the property, as well as a description of the property and any material costs relating to the acquisition and holding of such property. In addition, a valuation report relating to the properties must be included. Disclosure of item 4.1. applies to: (a)the valuation entity; (b)any other entity responsible for the administration of the property. 2.8.Derivatives Financial instruments//Currencies Where a collective investment undertaking invests in derivatives financial instruments, money market instruments or currencies other than for the purposes of efficient portfolio management (i.e. solely for the purpose of reducing, transferring or eliminating investment risk in the underlying investments of a collective investment undertaking, including any technique or instrument used to provide protection against exchange and credit risks), a statement whether those investments are used for hedging or for investment purposes, and a description of if and how risk is spread in relation to those investments. 2.9.Item 2.2 does not apply to investment in securities issued or guaranteed by a government, government agency or instrumentality of any , its regional or local authorities, or . 2.10.Point (a) of item 2.2 does not apply to a collective investment undertaking whose investment objective is to track, without material modification, that of a broadly based and recognised published index. A description of the composition of the index must be provided. 3.The applicants service providers 3.1.The actual or estimated maximum amount of all material fees payable directly or indirectly by the collective investment undertaking for any services under arrangements entered into on or prior to the date of the registration document and a description of how these fees are calculated. 3.2.A description of any fee payable directly or indirectly by the collective investment undertaking which cannot be quantified under item 3.1 and which is or may be material. 3.3.If any service provider to the collective investment undertaking is in receipt of any benefits from third parties (other than the collective investment undertaking) by virtue of providing any services to the collective investment undertaking, and those benefits may not accrue to the collective investment undertaking, a statement of that fact, the name of that third party, if available, and a description of the nature of the benefits. 3.4.The name of the service provider which is responsible for the determination and calculation of the net asset value of the collective investment undertaking. 3.5.A description of any material potential conflicts of interest which any of the service providers to the collective investment undertaking may have as between their duty to the collective investment undertaking and duties owed by them to third parties and their other interests. A description of any arrangements which are in place to address such potential conflicts. 4.Investment Manager/Advisers 4.1.In respect of any Investment Manager such information as is required to be disclosed under items 5.1.1 to 5.1.4 and, if material, under item 5.1.5 of together with a description of its regulatory status and experience. 4.2.In respect of any entity providing investment advice in relation to the assets of the collective investment undertaking, the name and a brief description of such entity. 5.1.A full description of how the assets of the collective investment undertaking will be held and by whom and any fiduciary or similar relationship between the collective investment undertaking and any third party in relation to custody: Where a custodian, trustee, or other fiduciary is appointed: (a)such information as is required to be disclosed under items 5.1.1 to 5.1.4 and, if material, under item 5.1.5 of ; (b)a description of the obligations of such party under the custody or similar agreement; (c)any delegated custody arrangements; (d)the regulatory status of such party and delegates. 5.2.Where any entity other than those entities mentioned in item 5.1, holds any assets of the collective investment undertaking, a description of how these assets are held together with a description of any additional risks. 6.1.A description of how often, and the valuation principles and the method by which, the net asset value of the collective investment undertaking will be determined, distinguishing between categories of investments and a statement of how such net asset value will be communicated to investors. 6.2.Details of all circumstances in which valuations may be suspended and a statement of how such suspension will be communicated or made available to investors. In the case of an umbrella collective investment undertaking, a statement of any cross liability that may occur between or investments in other collective investment undertakings and any action taken to limit such liability. 8.1.Where, since the date of incorporation or , a collective investment undertaking has not commenced operations and no financial statements have been made up as at the date of the registration document, a statement to that effect. Where a collective investment undertaking has commenced operations, the provisions of item 20 of on the Minimum Disclosure Requirements for the share registration document apply. 8.2.A comprehensive and meaningful analysis of the collective investment undertakings portfolio (if un-audited, clearly marked as such). 8.3.An indication of the most recent net asset value per security must be included in the securities note schedule (and, if un-audited, clearly marked as such). Minimum disclosure requirements for the registration document for securities issued by Member States, third countries and their regional and local authorities 1.1.All persons responsible for the information given in the registration document and, as the case may be, for certain parts of it, with, in the latter case, an indication of such parts. In the case of natural persons including members of the issuers administrative, management or supervisory bodies indicate the name and function of the person; in case of legal persons indicate the name and registered office. 1.2.A declaration by those responsible for the registration document that, having taken all reasonable care to ensure that such is the case, the information contained in the registration document is, to the best of their knowledge in accordance with the facts and contains no omission likely to affect its import. As the case may be, declaration by those responsible for certain parts of the registration document that, having taken all reasonable care to ensure that such is the case the information contained in the part of the registration document for which they are responsible is, to the best of their knowledge, in accordance with the facts and contains no omission likely to affect its import. Prominent disclosure of risk factors that may affect the issuers ability to fulfil its obligations under the securities to investors in a section headed Risk factors. 3.INFORMATION ABOUT THE ISSUER 3.1.The legal name of the issuer and a brief description of the issuers position within the national governmental framework. 3.2.The domicile or geographical location and legal form of the issuer and its contact address and telephone number. 3.3.Any recent events relevant to the evaluation of the issuers solvency. 3.4.A description of the issuers economy including: (a)the structure of the economy with details of the main sectors of the economy; (b)gross domestic product with a breakdown by the issuers economic sectors over for the previous two fiscal years. 3.5.A general description of the issuers political system and government including details of the governing body of the issuer. 4.PUBLIC FINANCE AND TRADE Information on the following for the two fiscal years prior to the date of the registration document: (a)the tax and budgetary systems; (b)gross public debt including a summary of the debt, the maturity structure of outstanding debt (particularly noting debt with a residual maturity of less than one year) and debt payment record, and of the parts of debt denominated in the domestic currency of the issuer and in foreign currencies; (c)foreign trade and balance of payment figures; (d)foreign exchange reserves including any potential encumbrances to such foreign exchange reserves as forward contracts or derivatives; (e)financial position and resources including liquid deposits available in domestic currency; (f)income and expenditure figures. Description of any auditing or independent review procedures on the accounts of the issuer. 5.1.Details of any significant changes to the information provided pursuant to item 4 which have occurred since the end of the last fiscal year, or an appropriate negative statement. 6.LEGAL AND ARBITRATION PROCEEDINGS Information on any governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened of which the issuer is aware), during a period covering at least the previous 12 months which may have, or have had in the recent past, significant effects on the issuer financial position, or provide an appropriate negative statement. 6.2.Information on any immunity the issuer may have from legal proceedings. 7.STATEMENT BY EXPERTS AND DECLARATIONS OF Where a statement or report attributed to a person as an expert is included in the registration document, provide such persons name, business address and qualifications. If the report has been produced at the issuers request a statement to that effect, that such statement or report is included, in the form and context in which it is included, with the consent of that person, who has authorised the contents of that part of the registration document. To the extent known to the issuer, provide information in respect of any interest relating to such expert which may have an effect on the independence of the expert in the preparation of the report. A statement that for the life of the registration document the following documents (or copies thereof), where applicable, may be inspected: (a)financial and audit reports for the issuer covering the last two fiscal years and the budget for the current fiscal year; (b)all reports, letters, and other documents, valuations and statements prepared by any expert at the issuers request any part of which is included or referred to in the registration document. An indication of where the documents on display may be inspected, by physical or electronic means. Minimum disclosure requirements for the registration document for securities issued by public international bodies and for debt securities guaranteed by a of the (schedule) 1.1.All persons responsible for the information given in the registration document and, as the case may be, for certain parts of it, with, in the latter case, an indication of such parts. In the case of natural persons including members of the issuers administrative, management or supervisory bodies indicate the name and function of the person; in case of legal persons indicate the name and registered office. 1.2.A declaration by those responsible for the registration document, that, having taken all reasonable care to ensure that such is the case, the information contained in the registration document is, to the best of their knowledge, in accordance with the facts and contains no omission likely to materially affect its import. As the case may be, declaration by those responsible for certain parts of the registration document that, having taken all reasonable care to ensure that such is the case the information contained in the part of the registration document for which they are responsible is, to the best of their knowledge, in accordance with the facts and contains no omission likely to affect its import. Prominent disclosure of risk factors that may affect the issuers ability to fulfil its obligations under the securities to investors in a section headed Risk factors. 3.INFORMATION ABOUT THE ISSUER 3.1.The legal name of the issuer and a brief description of the issuers legal status. 3.2.The location of the principal office and the legal form of the issuer and its contact address and telephone number. 3.3.Details of the governing body of the issuer and a description of its governance arrangements, if any. 3.4.A brief description of the issuers purpose and functions. 3.5.The sources of funding, guarantees and other obligations owed to the issuer by its members. 3.6.Any recent events relevant to the evaluation of the issuers solvency. 3.7.A list of the issuers members. 4.1.The two most recently published audited annual financial statements prepared in accordance with the accounting and auditing principles adopted by the issuer, and a brief description of those accounting and auditing principles. Details of any significant changes to the issuers financial position which has occurred since the end of the latest published audited annual financial statement, or an appropriate negative statement. 5.LEGAL AND ARBITRATION PROCEEDINGS 5.1.Information on any governmental, legal or arbitration proceedings (including any such proceedings which are pending or threatened of which the issuer is aware), during a period covering at least the previous 12 months which are likely to have, or have had in the recent past, significant effects on the issuers financial position, or provide an appropriate negative statement. 5.2.Information on any immunity the issuer may have from legal proceedings pursuant to its constituent document. 6.STATEMENT BY EXPERTS AND DECLARATION OF Where a statement or report attributed to a person as an expert is included in the registration document, provide such persons name, business address and qualifications. If the report has been produced at the issuers request a statement to that effect, that such statement or report is included, in the form and context in which it is included, with the consent of that person. To the extent known to the issuer, provide information in respect of any conflict of interests relating to such expert which may have an effect on the independence of the expert in the preparation of the report. A statement that for the life of the registration document the following documents (or copies thereof), where applicable, will be made available on request: (a)annual and audit reports of the issuer for each of the last two financial years prepared in accordance with the accounting and auditing principles adopted by the issuer; (b)all reports, letters, and other documents, valuations and statements prepared by any expert at the issuers request any part of which is included or referred to in the registration document; (c)the issuers constituent document. An indication of where the documents on display may be inspected, by physical or electronic means. derivative (> or (< 000) shares, shares with Bonds (bonds, structured bonds, etc.) with a denomination of Bonds (bonds, structured bonds, etc.) with a denomination of guaranteed by a third guaranteed by a third party shares or issuers or group shares which are admitted on a Bonds with warrants to shares not admitted to trading on a regulated derivative (> or (< 000) Shares with warrants to shares not admitted to trading on a regulated giving the right to subscribe or to acquire the issuers shares not giving the right to not admitted on a giving the right to subscribe or to acquire issuers or group shares which are admitted on a regulated market and to any other underlying than issuers or group shares which are not Shares (preference shares, redeemable shares, shares with preferential subscription rights; etc.) Bonds (bonds, income bonds, structured bonds, etc with a denomination of less than 000 Debt securities guaranteed by a third party Derivative securities guaranteed by a third party Bonds exchangeable or convertible into third party shares or issuers or group shares which are admitted on a regulated market Bonds exchangeable or convertible into the issuers shares not admitted on a regulated market Bonds exchangeable or convertible into groups shares not admitted on a regulated market Bonds with warrants to acquire the issuers shares not admitted to trading on a regulated market Shares with warrants to acquire the issuers shares not admitted to trading on a regulated market Derivatives securities giving the right to subscribe or to acquire the issuers shares not admitted on a regulated Derivatives securities giving the right to acquire groups shares not admitted on a regulated market Derivatives securities giving the right to subscribe or to acquire issuers or group shares which are admitted on a regulated market and derivatives sec. other underlying than issuers or group shares which are not admitted on a regulated market (including any derivatives securities entitling to cash settlement) (> or = EUR Shares (preference shares, redeemable shares, shares with preferential subscription rights; Bonds (bonds, income bonds, structured bonds, etc with a denomination of less Bonds (bonds, income bonds, structured bonds, etc) with a denomination of at least Debt securities guaranteed by a by a third party convertible into third party shares or issuers or group shares which are admitted on a convertible into the issuers shares not admitted on a convertible into groups shares not admitted on a regulated Bonds with warrants to acquire the issuers shares not admitted to trading on a regulated Shares with warrants to acquire the issuers shares not admitted to trading on a regulated Derivatives securities giving the right to subscribe or to acquire the issuers shares not admitted on a regulated market Derivatives securities giving the right to acquire groups shares not admitted on a regulated (> or = EUR Derivatives securities giving the right to subscribe or to acquire issuers or group shares which are admitted on a regulated securities linked to any other underlying than issuers or group shares which are not admitted on a regulated market (including any derivatives securities entitling to cash List of specialist issuers –Scientific research based companies –Companies with less than three years of existence (start-up companies)