Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)

Part VI : Collective Investment Schemes in Participation Bonds

55. Capacity of manager
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(1)The manager of a collective investment scheme in participation bonds may in respect of any business conducted by such manager act as a principal or as an agent.

 

(2)When acting as a principal in respect of a transaction which is subject to the provisions of any other law the manager is entitled to charge such finance charges as may be charged in terms of the said law in connection with a money-lending transaction.