Regulatory Alerts2022-07-11
FSCA Communication 21 of 2022 (CIS) Exemption for Collective Investment Scheme Managers
The Financial Sector Conduct Authority has published a draft exemption that relieves Collective Investment Scheme managers from the mandatory investor ballot requirement for targeted portfolios during amalgamations. This regulatory change reduces prohibitive administrative costs and low success rates while preserving investor protection through explicit objection and exit rights. Interested parties may submit comments on the draft exemption and its conditions by 8 August 2022.
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