Regulatory Alerts2021-11-10
Added · Updated
Minimum Investment Periods for Investment in CIS Unlisted Securities
The Namibia Financial Institutions Supervisory Authority mandates a minimum seven-year investment period for collective investment schemes in unlisted securities, as stipulated in their governing deeds. Managers must disclose any extended minimum periods in offer documents and ensure authorized representatives inform potential investors during solicitation. Investors retain redemption rights upon period maturity or expiry, subject to mutual extension agreements or early redemptions that do not prejudice other stakeholders.
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