Statistics Act, 1999
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesDetermination on the requirements for hedge fundsPart 4 : General Provisions Applicable to all Hedge Fund18. Platforms and hosting arrangements |
| (1) | A manager may establish a scheme as a platform for purposes of creating or hosting different portfolios which are administered independently of each other and managed by different FSPs. |
| (2) | A manager, in establishing a platform— |
| (a) | must comply with the principle of segregation and identification; |
| (b) | must ensure that the assets included in each portfolio on its platform are properly protected from creditor claims; |
| (c) | may not permit the assets of one portfolio to be used to meet the liabilities of any other portfolio of the scheme; and |
| (d) | must ensure that the name of each portfolio on its platform bears the name of the manager and that of the relevant FSP. |
