Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesDetermination on the requirements for hedge fundsPart 4 : General Provisions Applicable to all Hedge Fund26. Short-selling |
| (1) | A manager may engage in physical short selling and derivatives creating short positions. |
| (2) | Naked short selling, which in this context means the selling of a security without being in possession of the security or ensuring that it can be borrowed, is not allowed. |