Continuous obligations and Disclosure Requirements

96. (1) The Investment Trust listed on a recognised stock exchange shall comply with the continuous obligations and disclosure requirements specified by the recognised stock exchange(s). (2) The following disclosure requirements shall be applicable on an Investment Trust whose units are not listed on a recognised stock exchange: (a) The investment manager of the Investment Trust shall submit annual report, half-yearly report and valuation report to the trustee and unit holders of the Investment Trust, either electronically or through physical copies; (b) The annual and half yearly reports shall contain disclosures as specified for a privately placed Investment Trusts listed on a recognised stock exchange; (c) The investment manager shall disclose to the trustee and unit holders any information having bearing on the operation or performance of the Investment Trust which includes but is not restricted to the following:– i. acquisition or disposal of any infrastructure projects or property, directly or through holdco or SPV, value of which exceeds five per cent. (5%) of value of the assets of Investment Trust; ii. additional issue of units by the Investment Trust; iii. details of any credit rating obtained by the Investment Trust and any change in such rating; iv. any issue which requires approval of the unit holders; v. any legal proceedings which may have significant bearing on the functioning of the Investment Trust; vi. notices and results of meetings of unit holders, vii. any instance of non-compliance with these regulations and the circulars or guidelines issued thereunder including any breach of limits; and viii. any material issue that in the opinion of the investment manager or trustee needs to be disclosed to the unit holders.