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

Board Notices

Purchase

Item	Total exposure measure
1	Commitment approach	a portfolio's total exposure to the market does not exceed 200% of the total net asset value of the portfolio
2	Value-at-Risk approach
	Absolute value-at-risk	Absolute value-at-risk using daily historical data must be calculated on a daily basis to determine with a 99% confidence level that the potential loss over the following month will not exceed 20% of the portfolio's net asset value