n Without Prejudice - Good news for foreign collective investment schemes : financial law
|Article Title||Good news for foreign collective investment schemes : financial law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Dec 2007|
|Pages||34 - 35|
Until recently, foreign collective investment schemes which had implemented the so-called UCITS III Directive, granting these Foreign Schemes greater investment powers, could not be registered in this country unless exempted by the Financial Services Board. In practice, this meant that most Foreign Schemes were excluded from doing business in South Africa.
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