Regulatory Alerts2018-03-26
Notice 911 of 2010: Application Form for Registration as Manager of a Collective Investment Scheme
The Financial Services Board issued Notice 911 of 2010 to replace Annexure C of Notice 569 of 2003 and prescribe the mandatory application form for registering as a manager of a collective investment scheme under the Collective Investment Schemes Control Act, 2002. The form requires applicants to submit comprehensive details regarding corporate structure, shareholder tax clearance, business plans, operational infrastructure, and audited financial statements demonstrating capital adequacy and liquidity management. Additionally, applicants must provide documented evidence of robust internal controls, anti-money laundering compliance, risk management frameworks, and a dedicated compliance officer to ensure ongoing regulatory adherence and investor protection.