Momentum collective investments rf pty ltd is an authorised manager of collective investment schemes in terms of the collective investment schemes control act, no 45 of 2002. The act refers to a participatory interest in a scheme, as opposed to a unit in a unit trust fund. Definitions in this schedule, the act means the collective investment schemes control act, 2002 act no. Collective investment schemes control act, 2002, i, dube phineas tshidi, registrar of collective investment schemes, hereby determine the fit and proper requirements and conditions for managers of collective investment schemes as set out in the schedule. Ci means ci collective investments rf pty ltd, a company incorporated in. Oct 30, 2019 iii a collective investment scheme as defined in section 1 of the collective investment schemes control act, 2002, a manager, trustee or custodian registered in terms of that act, and an authorised agent of such a manager. For the full definition of a security, please refer to the collective investment schemes control act of 2002 and board notice 90 of 2014. Momentum metropolitan is a full member of the association for savings and investment south africa. This notice is called the determination of fit and proper requirements and. Commencement of the act the collective investment schemes control act, 2002 act no. An act to regulate and control the promotion and operation of collective investment schemes in.
Listing of the sygnia itrix 4 th industrial revolution global equity etf and the scheme referencing the kensho new economies composite. Prepared under the supervision ofpalesa mkhize casa. Liberty is a full member of the association for savings. Unit trusts control act 54 of 1981 legal assistance centre. A portfolio in the ashburton collective investment scheme. The manager is authorised in terms of the collective investment schemes control act, no. Collective investment schemes coll 1 introduction 1. The collective investment schemes control act, act no. Collective investment schemes control act 45 of 2002. This act may be cited as the collective investment schemes act chapter 24. In support of our report we have adopted certain processes and procedures that allow us to form a reasonable conclusion on whether the manager has administered the scheme in accordance with the act and the scheme. The portfolio may invest in other unit trust portfolios which levy their own fees, and may result is a higher fee structure for our portfolio.
Collective investment schemes control act, 2002 determination offit and proper requirements and conditionsfor managers ofcollective investment schemes no. I, dube phineas tshidi, registrar of collective investment schemes, hereby, under section 22a of the collective investment schemes control act, 2002. Collective investment schemes act 2008 section 4 c at 7 of 2008 page 9 2 subsection 1 does not apply if the advertisement is issued to or the person mentioned in paragraph b of that subsection is. Nov 17, 2017 collective investment schemes control act, 45 of 2002. In this schedule, the act means the collective investment schemes control act, 2002 act no.
An act to provide for the licensing and control of collective investment schemes and for connected purposes. Acts online provides legislation, including amendments and regulations, in an intuitive, online format. Unit trusts control act 54 of 1981 rsa fixed property company means a company all the issued shares of which are included in a unit portfolio, and the principal business of which consists in the acquisition and holding of urban immovable property or such other immovable property as the registrar may have approved. Requirements for collective investment schemes i, dube phineas tshidi, the registrar of collective investment schemes, hereby determine, under section 904 and section 1144b of the collective investment schemes control act, 2002 act no. Collective investment schemes title one conditions of pursuing business by a collective investment scheme chapter one general conditions art.
In these rules the act means the coll,ective investment schemes control act, 2002 act no. All the portfolio options presented are approved collective investment schemes in terms of collective investment schemes control act, no 45 of 2002 cisca. The manager of the scheme is stanlib collective investments rf pty limited the manager. Alternative investment funds 2019 south africa iclg. Hedge funds designated a collective investment scheme. The collective investment schemes control act 45 of 2002 intends. An act to regulate and control the promotion and operation of collective investment schemes in zimbabwe. On 25 february 2015 the minister of finance declared the business of a hedge fund to be that of a collective investment scheme to which certain provisions of the collective investment schemes control act of 2002 will apply the declaration. Hedge funds declared collective investment schemes. Recently, video and podcast material has been added to the site, including indepth video interviews with some of south africas leading opinion makers.
Financial regulation of the national treasury, conducted the presentation and discussed the overview of the bill, the nature of a collective investment scheme, the history of collective investment schemes in south africa, the profile of the collective investment schemes industry with regard to both institutions. Polity offers free access to south african legislation, policy documents and daily political news. We are the leading resource for freely available legislation in south africa and are used daily by thousands of professionals and industry leaders. Collective investment schemes control act 45 of 2002 south. Jul 03, 2015 from 1 april 2015 hedge funds became collective investments schemes and are now regulated by the collective investment schemes control act 2002 cisca and the newly published determination on the requirements for hedge funds published in board notice 52 of 2015 by the fsb on 6 march 2015 as amended hf regulations. The holding company of a company or other corporation shall be read as a reference to a corporation of which that lastmentioned company or corporation is a subsidiary.
Republic of south africa collective investment schemes control bill as amended by the portfolio committee on finance national assembly the english text is the off. Apr 02, 2020 exemption of manager of collective investment scheme in securities from certain provisions of collective investment schemes control act, 2002, and deed pages affected 1 friday, july 30, 2010. I, dube phineas tshidi, the registrar of collective. Regulatory exchange approval of foreign collective. The collective investment schemes control act, 2002 act no. Collective investment schemes control act 45 of 2002 gov.
Act to regulate and control the establishment and administration of collective investment schemes. Code on collective investment schemes page 3 h holding company. A manager of a registered cis is required to be authorised as a cis manager under the collective investment schemes control act 45 of 2002 cisca, rather than licensed as a fsp under fais although in practice managers will be authorised under both cisca and fais if they conduct financial services business other than the management of. Collective investment schemes control act and regulations 45. I, dube p tshidi, registrar of collective investment schemes, hereby. Apr 16, 2020 a portfolio in the ashburton collective investment scheme the portfolio registered in terms of the collective investment schemes control act, 45 of 2002 share code. In these rules the act means the coll, ective investment schemes control act, 2002 act no. Collective investment schemes control act, 2002 masthead.