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

Notices

Exemption of Collective Investment Scheme in Participation Bonds from certain provisions of Collective Investment Schemes Control Act, 2002

Notice No. 576 of 2003

 

Notice No. 576

28 February 2003

 

Financial Services Board

 

(1) Under section 22(a) of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002) ("the Act"), I, Jeffrey van Rooyen, Registrar of Collective Investment Schemes, hereby exempt a manager administering a collective investment scheme in participation bonds under the Act, from the application of the following provisions of the Act:
(a) The words "the calculation of the nett asset value and dealing prices" in section 3(a);
(b) the words "of whom more than 50 per cent are independent from the manager or its holding company or subsidiary of such holding company or fellow subsidiary of such manager" in paragraph (c) of the definition of "nominee company" in section 52(1);
(c) Part IX (sections 68 to 72);
(d) the words "of every portfolio" in paragraph (a) of section 90(1);

[Paragraph (1)(d) substituted by Board Notice 166 of 2010]

(e) [Paragraph 1(e) repealed by Board Notice 92 of 2014];
(f) sections 90(2); 93; 94; 95(1)(b), 97; 98; 104 and 105.

 

(2) This Notice comes into effect on 3 March 2003.

 

 

J van Rooyen

Registrar of Collective Investment Schemes