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 Fund28. Annual report |
| (1) | A manager must, in respect of the hedge fund and each portfolio prepare an annual report for each financial year which report must contain— |
| (a) | the financial statements in terms of section 90(1) of the Act; |
| (b) | details of any activities that had a material impact on the business of the manager, the hedge fund, and the portfolios during the financial year; |
| (c) | any material changes in the information listed in paragraph 27(3) during the financial year. |
| (2) | A manager must inform investors of the availability of the annual report and provide it to investors on request. |