Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesAdvertising, marketing and information disclosure requirements for collective investment schemesPart IV : Performance Disclosures14. Advertising of awards and credit ratings |
| (1) | A manager who wishes to advertise its current awards— |
| (a) | may only advertise an award once it has been formally awarded; |
| (b) | must state— |
| (i) | the name of the award and/or its logo; |
| (ii) | the date of the award; and |
| (iii) | that the full details and basis of the award are available from the manager. |
| (2) | A manager may advertise its historical awards older than 12 months provided that— |
| (a) | the award is not the sole focus of the advertisement; |
| (b) | the name of the award and/or its logo is given; |
| (c) | the date of the award is disclosed; and |
| (d) | the advertisement discloses that the full details and basis of the award are available from the manager. |
| (3) | A manager may only advertise a credit rating assigned to a portfolio by a credit rating agency registered under the Credit Rating Services Act, 2012 (Act No. 24 of 2012), and provided that— |
| (a) | the credit rating was issued at the request of the manager; |
| (b) | the credit rating agency had unrestricted access to all confidential and other sensitive information, including management interaction; and |
| (c) | the name of the credit rating agency is provided and a description and methodology of the rating is publicly available. |