Which of the following sets out concisely the information about the scheme that a prospective investor ought to know before investing?

The SID must be prepared by the scheme manager and must be approved by the Financial Conduct Authority (FCA). It must be made available to prospective investors before they invest in the scheme.

The SID must include the following information:

• The name and address of the scheme manager
• The name and address of the scheme administrator
• The name and address of the scheme auditor
• The type of scheme
• The investment objectives of the scheme
• The risks associated with the scheme
• The fees and charges associated with the scheme
• The performance of the scheme
• The rights of investors
• The complaints procedure

The SID must be written in a clear and concise way that is easy for investors to understand. It must be updated regularly to reflect changes in the scheme.

Investors should read the SID carefully before investing in a scheme. It is important to understand the risks and potential rewards associated with the scheme before making an investment.