Regulatory Alerts2018-04-01
Circular No. 24: Registration of Newly Established Hedge Funds
The Financial Services Board mandates that all hedge fund operators must register their schemes and obtain CIS manager status under the Collective Investment Schemes Control Act effective 1 April 2015. Operators of existing unregulated funds and those established after the effective date must submit registration applications to the Registrar by 30 September 2015. Failure to meet this deadline will result in regulatory enforcement action, as operating hedge funds outside the statutory framework constitutes a legal offence.
Share