Regulatory Alerts2026-01-01
Securities (Collective Investment Schemes) (Amendment) Regulations 2015
The Securities Commission of Jamaica promulgated the Securities (Collective Investment Schemes) (Amendment) Regulations 2015 to modernize the oversight framework for pooled investment vehicles. These amendments systematically replace the term "operator" with "manager" across all provisions, carve out exemptions for instruments such as pension funds, hedge funds, and timeshare schemes, and establish separate regulatory tracks for local and regulated overseas schemes. The revised rules impose stricter requirements on manager fitness, custodian jurisdiction, quarterly reporting, investor disclosures, and portfolio concentration limits, while also updating termination protocols and registration schedules.
Share