The Financial Sector Conduct Authority’s (FSCA) has exercised its powers in terms of section 93(2) of CISCA to include additional costs and fees as allowable deductions under section 93(1).
In addition to the amounts currently referred to in section 93(1), the following amounts may be deducted by a manager from a portfolio:
To read the FSCA’s Communication, click here.
To read the Determination of Permissible Deductions from Collective Investment Scheme Portfolios, click here.
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