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Collective Investment Schemes Control Act 45 of 2002

This Act establishes the legal framework for collective investment schemes (CIS) in South Africa, requiring all schemes to be registered with the…

What Collective Investment Schemes Control Act 45 of 2002 requires

This Act establishes the legal framework for collective investment schemes (CIS) in South Africa, requiring all schemes to be registered with the Financial Sector Conduct Authority (FSCA) and mandating the appointment of an independent trustee or custodian to safeguard investor assets. It imposes strict duties on scheme managers regarding portfolio management, reporting, and investor protection, as detailed in Part II (Registration) and Part IV (Manager and Trustee Obligations).

Pillar: Banking & Global Finance · Authority: Parliament of the Republic of South Africa (Supervised by the Financial Sector Conduct Authority - FSCA) · Version: 1.0.0 · Last updated:

Primary source: https://www.gov.za/documents/collective-investment-schemes-control-act

SHA-256 integrity: 2e1b94c5e46f7631617ac38ca1e8490ae0305c4874410be206095932deb42a5c

Primary Citations — 7 traced to source

  • Collective Investment Schemes Control Act 45 of 2002, Section 4 - Powers of registrar
  • Collective Investment Schemes Control Act 45 of 2002, Section 69 - Appointment and termination of appointment of trustee and custodian

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