From 1 April 2015 hedge funds became collective investments schemes and are now regulated by the Collective Investment Schemes Control Act 2002 (CISCA) and the newly published “Determination on the requirements for hedge funds” published in Board Notice 52 of 2015 by the FSB on 6 March 2015 (as amended) (HF Regulations). Hedge funds are
Lance Roderick
The regulation of hedge funds
By Lance Roderick & Desiree Reddy (ZA) on
In the first formal step toward hedge fund regulation in South Africa, National Treasury has published a s63 declaration under the Collective Investment Schemes Control Act, 2002 (CISCA). Investment funds conducting the business of a hedge fund will, from 1 April 2015, become collective investment schemes (CIS) and will be regulated by CISCA. Hedge funds…
Asset management in South Africa: Ten things to know
By Lance Roderick on
We have published a handy ten things to know about asset management in South Africa.
We look briefly at how asset managers and alternative fund managers get licensed, how foreign funds get registered, how they can be marketed in our country, the new exchange control dispensation for private equity funds introduced by the South…