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

Board Notices

Determination on the requirements for hedge funds

Part 4 : General Provisions Applicable to all Hedge Fund

23. Remuneration and reward policy
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A manager must have a remuneration and reward policy that ensures—

(a)the interest of the investors are aligned with those of the manager; and
(b)sound and prudent risk management and risk-taking which is consistent with the relevant risk profile of the portfolio.