Regulatory Alerts2018-03-26
Notice 576 of 2003: Exemption of Collective Investment Scheme in Participation Bonds from Certain Provisions of the Collective Investment Schemes Control Act, 2002
The Financial Services Board, acting through Registrar Jeffrey van Rooyen, exempts managers of collective investment schemes in participation bonds from specific provisions of the Collective Investment Schemes Control Act, 2002. The notice removes compliance obligations for net asset value calculations, nominee company independence criteria, Part IX regulations, portfolio reporting, and sections 90(2), 93 through 95, 97 through 98, and 104 through 105, with certain exemptions conditional on AMSM membership. This regulatory relief officially takes effect on 3 March 2003.
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