Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesDetermination on the requirements for hedge fundsPart 1 : Introduction2. Objects and registration |
| (1) | This Notice aims to— |
| (a) | provide for the protection of investors in hedge funds; |
| (b) | assist in the monitoring and management of systemic risk; |
| (c) | promote the integrity of the hedge fund industry; |
| (d) | enhance transparency in the hedge fund industry; and |
| (e) | promote financial market development. |
| (2) | A person must be— |
| (a) | registered as a manager in accordance with section 42 of the Act; and |
| (b) | authorised to administer a hedge fund, |
in order to administer a hedge fund.