1. The ELTIF must publish a prospectus, which must be dated and the essential elements of which must be kept up to date.
2. The ELTIF must offer, free of charge, the prospectus to every prospective unitholder before a contract for the acquisition of units is entered into.
3. The ELTIF shall ensure that where the prospectus is translated into a language other than English, any such translation shall only contain the same information and shall have the same meaning as in the prospectus submitted to the Central Bank.
4. The ELTIF shall comply with the terms of its prospectus.
5. The ELTIF shall not change its investment objectives or effect a material change to its investment policies, as disclosed in the prospectus without the prior written approval of at least 75% of votes cast at general meeting. "Material" shall be taken to mean, although not exclusively:
"changes which significantly alter the asset type, credit quality, borrowing or leverage limits or risk profile of the ELTIF".
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