MORNBFI Vol. 1 - Planters Development Bank

§§ 4410Q.7 - 4410Q.808.12.31In addition to the agreement, every UITFund participant shall be provided with –(1) CSA form to be accomplishedduring the profiling process required underthe general principles on CSA. This isdesigned to ensure that based on relevantinformation about the client, his investmentprofile is matched against the investmentparameters of the UIT Fund. At theminimum, client information shall includepersonal or institutional data, investmentobjective, investment horizon, investmentexperience, and risk tolerance; and(2) Risk disclosure statement, which inreference to Subsec. 4410Q.6c, shalldescribe the attendant general and specificrisks that may arise from investing in theUIT Fund. Such statement shall besubstantially similar to the form in AnnexA of Appendix Q-34a.Both documents shall be signed by theclient/participant and the UIT marketingpersonnel who assessed and explained tothe concerned client his/her ability to bearthe risks and potential losses.(b) A confirmation of participation andredemption made to/from the fund thatshall contain the following information:(i) NAVPu of the fund on day ofpurchase /redemption;(ii) Number of units purchased/redeemed; and(iii) Absolute peso or foreign currencyvalue.No indicative rates of return shall beprovided in the trust participatingagreement. Marketing materials maypresent relevant historical performancepurely for reference and with clearindication that past results do not guaranteesimilar future results.(3) A participating trust agreement orconfirmation of contribution/redemptionneed not be manually signed by the trusteeor his authorized representative if thesame is in the form of an electronicdocument that conforms with theimplementing rules and regulations of R.A.No. 8792, otherwise known as theE-Commerce Act.c. Regular publication/computation/availability of the fund’s NAVPu. Trustentities managing a UIT Fund shall causeat least the weekly publication of theNAVPu of such fund in one (1) or morenewspaper of national circulation:Provided, That a pooled weekly publicationof such NAVPu shall be considered assubstantial compliance with thisrequirement. The said publication, at theminimum, shall clearly state the name ofthe fund, its general classification, the fund’sNAVPu and the moving return oninvestment (ROI) of the fund on a year-todate(YTD) and year-on-year (YOY) basis.NAVPu shall be computed daily andshall be made available to participants andprospective participants upon request.d. Marketing personnel. To ensurethe competence and integrity of all dulydesignated UIT marketing personnel, allpersonnel involved in the sales of thesefunds shall be required to undergostandardized training program inaccordance with the guidelines of thisSubsection. This training program may beconducted by their respective trust entitiesin accordance with the minimum trainingprogram guidelines provided by the TrustOfficers Association of the Philippines(TOAP). Such training program shallhowever be regularly validated by TOAP.(As amended by Circular No. 593 dated 08 January 2008)§ 4410Q.8 Exposure limit to singleperson/entity. The combined exposure ofthe UIT Fund to any entity and its relatedparties shall not exceed fifteen percent(15%) of the market value of the UIT Fund:Provided, That, a UIT Fund invested,partially or substantially, in exchangetraded equity securities shall be subject tothe fifteen percent (15%) exposure limitto a single entity/issuer: Provided, further,Q RegulationsPart IV - Page 26Manual of Regulations for Non-Bank Financial Institutions