Notice No. 408

24 June 2011

Financial Services Board

I, Dube P Tshidi, Registrar of Collective Investment Schemes, under section 22(a), read with section 40 of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002) ("the Act''), hereby exempt a manager that administers a collective investment scheme in securities under the Act in compliance with the relevant Standards of the Accounting and Auditing Organization for Islamic Financial Institutions ("AAOIFI"), from certain provisions of Notice 1503 of 2005 ("the Notice"), as set out in the Schedule.

This exemption only applies to instruments contemplated in paragraphs A(b), A(g), B12(e) and B12(j) of Notice 131 of 2010, as published in Government Gazette No. 32951 of 19 February 2010.

D P Tshidi

Registrar of Collective Investment Schemes

SCHEDULE

A manager that administers a portfolio as contemplated in Chapters III and VII of the Notice is hereby exempted from compliance with the inclusion limits in paragraphs 13(1) and 25(b) on condition that the following limits shall apply:

Exemption from 1 July 2011 until 31 May 2013

Repeal of Notice and Commencement