INVESTMENTS AND SECURITIES ACT

Section 189: Publication of scheme particulars.

2007Section 189 of 316Federal Republic of Nigeria

(1) The manager of an authorised scheme shall publish particulars of the scheme ("scheme particulars") or make available to the public, upon request, any document containing information about the scheme in a manner prescribed by the Commission from time to time.
(2) Regulations made under this section may:
(a) require the manager of an authorised scheme to submit and publish or make available revised or further scheme particulars if:
(i) there is a significant change affecting any matter contained in such particulars previously published or made available whose 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.
(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;
(ii) or 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 under this section shall not affect any liability which any person may incur apart from the regulations.

Cite this section

Section 189, INVESTMENTS AND SECURITIES ACT (2007).

https://repo.podus.ai/laws/investments-and-securities-act/section/189/