Notice 983 of 2010: Exemption of Collective Investment Scheme Managers from Certain Provisions of the Collective Investment Schemes Control Act

STAATSKOERANT, 15 OKTOBER 2010 No. 33614 51

NOTICE 983 OF 2010

FINANCIAL SERVICES BOARD

COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002

EXEMPTION OF MANAGER OF COLLECTIVE INVESTMENT SCHEME IN SECURITIES FROM CERTAIN PROVISIONS OF COLLECTIVE INVESTMENT SCHEMES CONTROL ACT, 2002, AND DEED

Under section 22(a) of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002) ("the Act"), I, Dube P Tshidi, Registrar of Collective Investment Schemes, hereby exempt a manager administering a collective investment scheme in securities under the Act ("the manager"), from certain provisions of Act and under section 97(3) of the Act, hereby suspend a provision of the Deed and determine the matters to be complied with as set out in the Schedule.

This Notice takes effect on the date of publication thereof.

D P TSHIDI
REGISTRAR OF COLLECTIVE INVESTMENT SCHEMES

SCHEDULE

A. A manager is hereby exempted from the words "to repurchase or cancel participatory interests" in section 96 of the Act and by replacing it with "to meet its obligations in relation to the administration of a scheme relating to settlement of buying and sale transactions and repurchase or cancellation of participatory interests".

B. The provisions of Clause 6.5.2 of the Standard Deed are hereby suspended and the following determination must be complied with:

52 No. 33614 GOVERNMENT GAZETTE, 15 OCTOBER 2010

"Clause 6.5.2 the term of the loan may not exceed 61 days where such loan is applied for the settlement of repurchases or cancellation of participatory interests and in all other cases the term of the loan may not exceed eight calendar days: Provided that if insufficient liquidity continues after such periods, the loan may be renewed with the consent of the trustee/custodian;"

NOTICE 980 OF 2010

THE BANKS ACT, 1990 (ACT No. 94 OF 1990—THE BANKS ACT)

CHANGE OF NAME—TEBA BANK LIMITED

Notice is hereby given, for general information, in accordance with the provisions of section 30 of the Banks Act, that Teba Bank Limited, a registered bank, changed its name to UBANK Limited, with effect from 1 October 2010.

(15 October 2010)