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 lll : Fund of Funds Portfolio

9. Definitions
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For the purposes of this Chapter, a "fund of funds" means a portfolio that consists of exchange rate swaps (where applicable and permitted in terms of the supplemental deed), assets in liquid form and participatory interests, whether listed on an exchange or not, in portfolios of collective investment schemes, but excluding participatory interests in collective investment schemes in participation bonds.