Regulatory Alerts2018-03-26
Notice 96 of 2005: Exemption of Property Collective Investment Scheme Managers from Net Asset Value Pricing Restrictions
The Financial Services Board has exempted managers of property collective investment schemes from the pricing restrictions in section 94(1)(a) of the Collective Investment Schemes Control Act, 2002. This regulatory change permits these managers to sell participatory interests at prices exceeding the net asset value of those interests. The exemption was formally granted by the Registrar of Collective Investment Schemes under section 22(a) of the Act to facilitate specific property scheme operations.
Share