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

Board Notices

Purchase

(1)	A manager must, in respect of the hedge fund and each portfolio prepare an annual report for each financial year which report must contain—

(a)	the financial statements in terms of section 90(1) of the Act;

(b)	details of any activities that had a material impact on the business of the manager, the hedge fund, and the portfolios during the financial year;

(c)	any material changes in the information listed in paragraph 27(3) during the financial year.

(2)	A manager must inform investors of the availability of the annual report and provide it to investors on request.