Regulatory Alerts2023-11-24
Added · Updated
Guidelines for Collective Investment Schemes – Conflict of Interest and Risk Management
The Financial Services Commission of Jamaica issued guidelines requiring Collective Investment Scheme investment managers to cap individual investor holdings at 20% to mitigate liquidity risks. The document mandates the establishment of board-ratified policies for managing conflicts of interest, ensuring transparent asset valuation through independent pricing, and implementing comprehensive risk and liquidity management frameworks. Investment managers must submit quarterly holdings reports and execution plans for unitholder concentration reduction, with full compliance required by December 31, 2024.
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