GUIDANCE NOTE ON THE CATEGORISATION OF ANY SCHEME AS A FOREIGN CIS IN HEDGE FUNDS
Guidance Note 2A relating to foreign collective investment schemes was attached to the latest Compliance Update.
Guidance Note 2A provides guidance to the industry on circumstances under which any scheme may be categorised as a foreign CIS in hedge funds. Schemes currently approved in terms of section 65 of CISCA are required to self-assess their prospectuses in terms of this guidance note.
Please note that this Compliance Update is purely for information purposes and that ICS does not provide specialised and/or mandated services in this field.
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