Regulatory Alerts2023-01-01
Central Bank (Collective Investment Schemes) (Amendment) Regulations 2023
Governor Maluke Letete of the Central Bank of Lesotho issued these 2023 amendment regulations to update the regulatory framework for collective investment schemes. The amendments introduce new definitions, establish a dedicated framework for segregated funds, and revise licensing criteria including capital requirements and professional indemnity cover for asset managers and agents. The regulations also streamline approval timelines for trust deeds and prospectuses, clarify trustee and custodian roles, and enhance the Registrar’s powers for on-site inspections and corrective measures.
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