Regulatory Alerts2018-03-26
Notice 2073 of 2003: Foreign Country Investment Ratings for Collective Investment Schemes
The Registrar of Collective Investment Schemes establishes minimum foreign currency sovereign and issuer credit rating thresholds to permit collective investment schemes in securities and property to invest abroad. Under these regulations, portfolios may only allocate assets to foreign jurisdictions and non-equity issuers that meet a Moody’s Baa2 or Standard & Poor’s/Fitch BBB rating or higher. This directive formally repeals Notice 574 of 2003 and takes effect on 1 August 2003.
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