4.4 General requirements for a PDS

The disclosure of key information, in the form of a disclosure statement, MUST be:

  1. delivered, or made available, for free, to an investor before the point of sale, to afford the investor the opportunity to consider the information and make an informed decision about whether to invest;
  2. delivered or made available in a manner that is appropriate for the target investor;
  3. in plain language and in a simple, accessible and comparable format to facilitate a meaningful comparison of information disclosed for competing products; and
  4. clear, accurate and not misleading to the target investor.