Regulatory Alerts2020-10-20
Collective Investment Schemes Act [Chapter 24:19]
Zimbabwe’s Law Development Commission enacted the Collective Investment Schemes Act to regulate and control the promotion and operation of collective investment schemes within the country. The legislation mandates that all such schemes register with the Registrar at the Reserve Bank, classifying them as internal, external, or professional entities. It further requires licensed managers and trustees to maintain local offices, adhere to strict fiduciary duties, and submit to inspections while prohibiting the promotion or operation of unregistered schemes.
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