Article 411-113 into force since 17 April 2016

The CIS prospectus shall include the information necessary for investors to be able to make an informed judgement of the investment proposed to them, and, in particular, of the risks attached thereto.

The prospectus shall include:

1. Either the details of the up-to-date remuneration policy, including, but not limited to:

   1. A description of how remuneration and benefits are calculated, the identities of persons responsible for awarding the remuneration and benefits;

   2. The composition of the remuneration committee, where such a committee exists;

2. Or a summary of the remuneration policy and a statement to the effect that the details of the up-to-date remuneration policy are available by means of a website. These details include:

   1. A description of how remuneration and benefits are calculated, the identity of persons responsible for awarding the remuneration and benefits;

   2. The composition of the remuneration committee, where such a committee exists.

The statement shall include a reference to that website and indicate that a paper copy will be made available free of charge upon request.

It shall include, independent of the instruments invested in, a clear and easily understandable explanation of the fund's risk profile.

The rules or instruments of incorporation of the CIS form an integral part of the prospectus and shall be annexed thereto. The rules or instruments of incorporation are not, however, required to be annexed to the prospectus provided that the investor is informed that, on request, he or she will be sent those documents or be apprised of the place where he or she may consult them.

The essential elements of the prospectus shall be kept up to date. An AMF instruction will specify the content of the prospectus.