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 Vll : General

24. Operational trust account
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Any amount deposited, transferred or held in an account determined in section 105 of the Act, operated as an account for funds within a portfolio, must be applied to any limit prescribed in this Notice.