DECLARATION OF HEDGE FUND BUSINESS AS A COLLECTIVE INVESTMENT SCHEME
14th Feb 2015
The Minister of Finance has, in terms of CISCA Notice 141, declared the business of a hedge fund to be a collective investment scheme to which the prescribed provisions of the Collective Investment Schemes Control Act (the Act) apply. This declaration commences on 1 April 2015.
Please note that there are transitional arrangements in terms whereof a person conducting the business of a hedge fund must, within 6 months from 1 April 2015, lodge with the registrar an application for registration as manager to operate a hedge fund in accordance with section 42 of the Act.
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