Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part XII : General106. False or misleading statements |
No person may make a statement or disseminate information which he or she knows, or ought reasonably to know, is false or misleading or is likely or intended to—
| (a) | induce other persons to purchase or deal in a participatory interest; or |
| (b) | have the effect of inflating, depressing or maintaining the price of a participatory interest. |