Regulatory Alerts2018-03-26
Notice 571 of 2003: Exemption of Collective Investment Scheme Managers from Certain Provisions
The Financial Services Board, through Registrar Jeffrey van Rooyen, has issued Notice 571 of 2003 to exempt specific collective investment scheme managers from sections 90(4) and 100 of the Collective Investment Schemes Control Act, 2002. This exemption applies exclusively to managers administering collective investment schemes in securities who are members of The Association of Unit Trusts of South Africa. The regulatory relief takes effect on 3 March 2003, streamlining compliance obligations for qualifying industry participants.
NOTICE 571 OF 2003 FINANCIAL SERVICES BOARD COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002 ' EXEMPTION OF COLLECTIVE INVESTMENT SCHEME IN SECURITIES FROM CERTAIN PROVISIONS OF COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002 ' 1 . Under section 22(a) of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002) ("the Act"), I, Jeffrey van Rooyen, Registrar of Collective Investment Schemes, hereby exempt a manager administering a collective investment scheme in securities under the Act and which manager is a member of The Association of Unit Trusts of South Africa, from sections 90(4) and 100 of the Act. 2. This Notice comes into effect on 3 March 2003. J VAN ROOYEN REGI F COLLECTIVE INVESTMENT SCHEMES