Statistics Act, 1999
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)NoticesDetermination of the Limits and Conditions for Third Party Named Portfolios of Collective Investment SchemesPart IV : General Provisions14. Transitional Arrangements |
| (1) | This Notice applies to all applications, whether submitted to the Registrar or not. |
| (2) | A manager of a third party named portfolio previously known as a white label portfolio, approved by the Registrar before the commencement of this Notice, must submit an application to the Registrar in accordance with the provisions of this Notice to approve such portfolio as either an Incubator portfolio or a co-named portfolio. |
| (3) | The manager of a portfolio, referred in subparagraph (2), that has been in existence for more than five years may not apply for such portfolio to be approved as an incubator portfolio. If the financial services provider whose name Is linked to the portfolio does not apply to be registered as a manager, the manager of the portfolio must either apply to co-name the portfolio or apply for such portfolio to be wound up or amalgamated in accordance with the provisions of the Act. |
| (4) | Applications referred to in subparagraphs (2) and (3) must be submitted to the Registrar within twelve months of commencement of this Notice. |
