Regulatory Alerts2020-10-22
Circular on Audited Accounts of Collective Investment Schemes
The Commission discontinues its prior approval process for Collective Investment Schemes, requiring audited annual accounts to be published within three months of the reporting period. Fund managers, trustees, and auditors remain liable for any misstatements or misrepresentations discovered in these accounts. Non-compliance will attract appropriate sanctions, including mandatory account restatement in the succeeding financial year.
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