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

Board Notices

Determination on the requirements for hedge funds

Part 4 : General Provisions Applicable to all Hedge Fund

26. Short-selling

 

(1) A manager may engage in physical short selling and derivatives creating short positions.

 

(2) Naked short selling, which in this context means the selling of a security without being in possession of the security or ensuring that it can be borrowed, is not allowed.