(1) A responsible person of an umbrella UCITS investment company shall include the following statement in the prospectus -
"An umbrella fund with segregated liability between sub-funds".
(2) Where an umbrella UCITS issues a supplement to the prospectus in relation to the establishment of a new sub-fund, the supplement shall -
(a) state that the UCITS is constituted as an umbrella UCITS, and
(b) name the other existing sub-funds of that umbrella UCITS or ensure that the prospectus is updated to include the names of all existing sub-funds.
(3) Where an umbrella UCITS investment company was authorised by the Bank and commenced trading before 30 June 2005 and does not have segregated liability between sub-funds, the responsible person shall disclose clearly in the relevant prospectus the potential risks to investors arising from the absence of the segregation of liability between sub-funds.