Regulatory Alerts2023-03-06
FSCA Communication 8 of 2023 Regarding Collective Investment Schemes
The Financial Sector Conduct Authority (FSCA) has published a draft amendment to Board Notice 90 of 2014 to modify portfolio composition rules for collective investment schemes. The proposed changes permit scheme managers to include actively managed exchange-traded funds and approved hedge funds, while raising the maximum exposure limit for underlying foreign schemes from 20 percent to 45 percent. Interested stakeholders are invited to submit written comments on the draft notice and supporting statement by 21 April 2023 using the provided template.
Share