Please note that in Board Notice 104 of 2015 the Registrar of Collective Investment Schemes exempts managers of collective investment schemes in securities from compliance with paragraph 1(4)(b) of Board Notice 91 of 2014 to maintain seed capital in the exchange traded portfolios listed on an exchange.
Guidance Note 11 serves to provide guidance with respect to the introduction of classes of participatory interests during an accounting period.
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