A prospectus should be prepared with the highest standard of care

A Netherlands Antilles based investment fund may offer shares in its capital to investors by means of a prospectus. A prospectus is a.k.a. e.g., an offering memorandum, private placement memorandum (PPM) or an explanatory memorandum. The prospectus aims at informing the target market as well as protecting investors.

The prospectus contains details a.o. about the (structure of the) fund, the investment policies, risk factors, the shares offered, selling restrictions, the redemption or repurchase of shares, tax issues, the calculation of the net asset value (NAV) and fees and costs. … Continue reading THE NATURE OF A PROSPECTUS