n Without Prejudice - Hedge funds designated a collective investment scheme : financial law




On 25 February the Minister of Finance declared the business of a hedge fund to be that of a collective investment scheme to which certain provisions of the Collective Investment Schemes Control Act of 2002 will apply (the Declaration). Draft Regulations for Hedge Funds in terms of the Act were published on 16 April 2014 and the Declaration commenced on 1 April. Hedge fund managers will have six months to lodge an application for registration as a manager of a hedge fund with the Registrar in accordance with s42.


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