Regulatory Alerts2021-11-10
Added · Updated
CIS.S.4.8 – Assets that must be included in a Portfolio of a CIS
The Namibia Financial Institutions Supervisory Authority issued Standard CIS.S.4.8 to require managers, trustees, and custodians of collective investment schemes to ensure portfolios contain specified assets at the time participatory interests are sold or offered for sale. The regulation mandates a minimum portfolio value of N$1,000,000 and dictates that net asset values must be calculated according to the governing deed, offer documents, and established valuation rules. By defining precise asset inclusion criteria and financial standing requirements, the standard ensures consistent pricing, regulatory compliance, and investor protection across both open-end and closed-end schemes.
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