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(1) There shall be included in each advertisement,

(a) a statement to the effect that returns may not materialise as expected if the investment offered is one that may fluctuate in value where reference is made to returns on investment;

(b) a statement that performance cannot be taken as a guaranteed indication of future performance where reference is made to the past performance of an issuer;

(c) a statement cautioning that income from the investment may fluctuate in value in real terms where reference is made to any income from an investment or if an investment is described as suitable for an investor seeking income from an investment;

(d) a statement cautioning the investor that changes in the rate of exchange may cause the value of the investment to appreciate or depreciate in the case of an investment involving exposure to a foreign currency;

(e) a statement cautioning the investor that there is no recognized market for the investment and that it may therefore be difficult for the investor to deal in or obtain information readily about the value of the investment or the extent of the risks to which the investment is exposed in the case of an investment which is not readily realizable;

(f) a statement that deductions for charges and expenses are not made uniformly throughout the life of the investment but are loaded disproportionately on the early years if this is the case;

(g) a statement cautioning the investor that the investor may not only lose an original investment but may also be subject to more financial liability on the investment stating the quantum of the liability if it can be quantified; and

(h) a statement disclosing the nature of an interest or relationship if in relation to the investment or services that are the subject of the advertisement the advertiser has directly or indirectly a material interest or a relationship of any description with a third person which may involve a conflict of interest except an interest arising from a relationship of agency.

(2) Sufficient prominence shall be given in an advertisement to

(a) the conditions and qualifications to which the application for subscription and the subscription itself is subject; and

(b) The risks associated with the particular investment.