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

25. Transitional measures
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If, after the date of this Notice coming into effect, any limits prescribed in paragraphs 3(9) and 6(1) are exceeded but the portfolio would have been in compliance with the limits prescribed in Board Notice 80 of 2012, the manager may hold the securities exceeding the limits prescribed in this Notice to maturity and must furnish the registrar with a report on a quarterly basis listing the securities so held and indicating the remaining term to maturity.