What is a potential limitation of trust personnel when offering UITFs?

When considering the potential limitation of trust personnel when offering Unit Investment Trust Funds (UITFs), the correct answer focuses on the restrictions that these personnel experience in discussing the fund's key features. Trust personnel are often bound by specific regulatory frameworks that limit them from providing detailed insights into the fund's structure, investment strategy, and other essential characteristics. This limitation is crucial because it ensures clients receive objective information without being influenced by the sales tactics that could arise from personal biases.

The necessity for trust personnel to adhere to these limitations stems from the need to maintain transparency and protect investors from making decisions based solely on potentially biased representations of the fund’s attributes. By restricting discussions about key features, organizations aim to encourage potential investors to conduct comprehensive research and seek independent advice before making investment decisions.

In contrast, the other choices relate to aspects of compliance and regulatory requirements that are more aligned with standard practices rather than limitations. For instance, while legal guidance is essential and risks must always be disclosed, such practices do not pose a direct limitation in the same vein as a restriction on discussing the fund's specific characteristics. Additionally, while supervisory structures are crucial for compliance, requiring supervision does not inherently limit the ability to provide information; rather, it ensures that proper protocols are followed.