Risk disclosure statement to be provided by licensed fund management companies (other than venture capital fund managers) to prospective retail customers, prior to soliciting or entering into an agreement with customers to manage or guide their trading accounts by means of a systematic programme that recommends specific transactions, to trade in:
(i) Futures contracts;
(ii) Spot foreign exchange contracts for the purposes of leveraged foreign exchange trading; or
(iii) Over-the-counter derivatives contracts of which an underlying thing is a currency or currency index.
This requirement does not apply to collective investment schemes.