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Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part XII : General

107. Fraudulently inducing person to purchase or deal in participatory interests

 

No person may—

(a) by making or publishing any statement, promise or forecast which he or she knows is likely or intended to be misleading, false or deceptive; or
(b) by concealing material information at his or her disposal,

induce another person to purchase or deal in a participatory interest.