CIS managers warned against breaching the portfolio exposure limits
The exceptions to the exposure limits do not apply when the limits are breached because distributions are re-invested, the FSCA says.
A cyberattack not only removed his account from his tax practitioner’s profile but also led to an erroneous VAT refund being paid back to SARS.
Read moreThe exceptions to the exposure limits do not apply when the limits are breached because distributions are re-invested, the FSCA says.
ASISA attributes the growth to market performance and net inflows of R110 billion over the 12 months to the end of December 2023.
The 75% investment limit in Board Notice 52 inadvertently excluded the establishment of retail feeder hedge funds as a portfolio style.
Insights from Ninety One on the sector’s investment flows, fee trends, and revenue growth.
Implementing the draft Conduct Standard will have cost implications for CIS managers – some of which may be substantial, particularly for smaller managers.
But AUM grew by 11% when measured over the 12 months to the end of September.