Tribunal rules on Brite’s application to reconsider R10m fine and licence withdrawal
Did the FSCA’s regulatory reach extended to UK pension funds and structures, held offshore, and permitted and regulated by UK and European Union law?
Collective Investment Schemes Control Act
SA hedge funds grow their assets by 30% in 2022
Industry hopes amendments to regulation 28, separating hedge funds and private equity investments, will boost inflows.
Balloting exemption when CIS portfolios are amalgamated now in effect
FSCA says giving investors in a targeted portfolio an opportunity to object will not effectively nullify the exemption.
Tribunal rules on former deVere director’s application against R2.5m fine
Can a director be held criminally liable for acts or transgressions by a company?
FSCA proposes to ease requirements for CIS portfolio amalgamations
The FSCA has published a draft notice setting out the conditions under which collective investment scheme (CIS) managers will be exempt from some of the requirements of the Collective Investment Schemes Control Act […]
Trust takes on Old Mutual over R850m loss to Fidentia
Fifteen years on, the fall-out from the Fidentia scandal continues as Living Hands Umbrella Trust’s R850 million lawsuit against Old Mutual Unit Trust Managers (OMUT) got under way in a virtual sitting of […]
FSCA clarifies deductions from unit trust portfolios
The FSCA has published a notice that clarifies the costs that can be deducted from a collective investment scheme portfolio, apart from those provided for in section 93(1) of the Collective Investment Schemes […]
