Regulatory Alerts2018-01-01
Central Bank of Lesotho (Collective Investment Schemes) Regulations 2018
Issued by the Governor of the Central Bank of Lesotho, these regulations establish comprehensive licensing, capital, and governance frameworks for asset managers, collective investment schemes, and scheme agents. They mandate a minimum unimpaired capital of two million Maloti for asset managers, require approved prospectuses and standardized contracts, and enforce strict custodial arrangements to safeguard investor assets. The regulations further outline detailed disclosure obligations, investment limitations, marketing rules, and the Registrar’s powers to conduct inspections, issue directives, and enforce corrective measures or winding up procedures.
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