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

Board Notices

Determination of Securities, Class of Securities, Assets or Classes of Assets that may be included in a portfolio of a Collective Investment Scheme in Securities and the manner in which and the limits and conditions subject to which Securities or Assets may be so included

Chapter V : Inclusion of Financial Instruments in a Portfolio

19. Assets in liquid form associated with listed and unlisted financial instruments to be maintained in terms of this Chapter
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(1) A manager must at all times ensure that a portfolio has sufficient assets in liquid form in aggregate to comply with the requirements of paragraphs 16(c), 16(0, 16(g), 16(h), 16(i) and 17 of this Notice.

 

(2) The amount of assets in liquid form may be adjusted by any amount held in a margin account of an exchange as cover but may not include borrowed funds.