Regulatory Alerts2020-10-12
Added · Updated
Collective Investment Schemes (Professional Schemes) Regulations 1998
The Minister of Finance establishes regulations for the registration and operation of professional collective investment schemes in Zimbabwe. Professional schemes must have between five and 50 participants, each holding a minimum subscription of $50,000, and are restricted to qualified persons such as legal practitioners or experienced investors. Promoters and managers are required to submit half-yearly returns detailing asset values, participant numbers, and complaints, while advertisements must explicitly state that the Registrar and Government accept no responsibility for the scheme.
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