Regulatory Alerts2022-03-18
FSCA Exemption of Hedge Fund Managers from Certain Requirements in Notice 778 of 2011
The Financial Sector Conduct Authority exempts managers of South African hedge funds from the R50 million assets-under-management threshold and associated compliance procedures in Notice 778 of 2011. This regulatory relief addresses the impracticality of the existing threshold for smaller, strategically focused hedge fund portfolios. By aligning regulatory requirements with industry realities, the exemption promotes financial market development, encourages new market entry, and preserves diverse investment options for retail and qualified investors.
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