Regulatory Alerts2018-03-26
CISCA Circular No. 18: Clarification on Money Market Instruments for Collective Investment Schemes
The Financial Services Board issued CISCA Circular No. 18 to clarify permissible money market instruments for collective investment schemes under Board Notice 80 of 2012. The circular expands eligibility to instruments issued by entities outside a qualifying corporate group, provided their capital is secured by a guarantee or banking liquidity line from a holding or subsidiary company meeting strict capital, reserve, and public reporting thresholds. The Registrar may amend the notice's wording for clarity and requires scheme managers and trustees to acknowledge receipt by 28 June 2013.
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