Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part I : Collective Investment Schemes2. Principles for administration of collective investment scheme |
| (1) | A manager must administer a collective investment scheme honestly and fairly, with skill, care and diligence and in the interest of investors and the collective investment scheme industry. |
| (2) | The assets of an investor must be properly protected by application of the principle of segregation and identification. |