Prospectus Of Clerical Medical Open Ended Investment Company ...

elevant taxpayer or in the case of non-individuals to identify what their ITC classification
is, within the meaning of the IGAs based on the records the Company holds.
Further, under UK law implementing the IGAs the Company is required to disclose such
information as maybe required under the IGAs to HMRC on any Shareholder who is
considered to have become a relevant taxpayer, within the meaning of the IGA. Investors
should consult their own tax advisers regarding any potential obligations that the IGAs may
impose on them.
Common Reporting Standard (“CRS”)
The UK and a number of other jurisdictions have also agreed to enter into multilateral
arrangements modelled on the Common Reporting Standard for Automatic Exchange of
Financial Account Information published by the Organisation for Economic Co-operation and
Development (OECD). These agreements and arrangements, as transposed into UK law,
may require the Company to provide certain information to HMRC about shareholders from
the jurisdictions which are party to such arrangements (which information will in turn be
provided to the relevant tax authorities). The Company as a UK Financial Institution is
expected to comply with the requirements of CRS from 1 January 2016.
In light of the above, shareholders in the Company may be required to provide certain
information to the Company to comply with the terms of the UK regulations.
The foregoing statements are based on UK law and HMRC practice as known at the
date of this Prospectus and are intended to provide general guidance only.
Shareholders and applicants for Shares are recommended to consult their
professional advisers if they are in any doubt about their tax position.
REPORTS AND ACCOUNTS
The annual accounting period of the Company ends on 28 February or a day chosen by the
ACD, with the agreement of the Depositary, being within seven days of that date.
The annual report of the Company will be published on or before 30 June and the half yearly
report on or before 31 October in each year.
The ACD will provide short reports to shareholders relating to the particular Fund(s) in which
they hold Shares annually and half yearly. These short reports may be contained within a
booklet covering all Funds of the Company. Long report and accounts covering all Funds of
the Company will be available on request.
Copies of the most recent short and long annual and half yearly reports may be inspected at,
and copies obtained free of charge from the ACD at its head office during ordinary office
hours.
The Company does not hold an Annual General Meeting.
Shareholders may inspect and obtain a copy of the Service Agreement from the ACD at its
head office.
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