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

In this Schedule, "Act" means the Collective Investment Schemes Control Act, 2002. Any word or expression to which a meaning has been assigned in the Act has that meaning and, unless the context otherwise indicates—

"co-named portfolio"

means a portfolio bearing the name of both the manager and the financial services provider and where the financial services provider undertakes financial services of a discretionary nature, as contemplated in the Financial Advisory and Intermediary Services Act, 2002 in relation to the assets of the portfolio;

"financial services provider"

means a discretionary financial services provider as defined in section 2 of the Code of Conduct for Administrative Financial Services Providers promulgated in terms of the Financial Advisory and Intermediary Services Act, 2002, and who is acting as an authorised agent of the manager;

"incubator portfolio"

means a portfolio bearing the name of a financial services provider who intends to apply to the Registrar to be approved as a manager within three years after the Registrar has approved the portfolio, and where the financial services provider undertakes financial services of a discretionary nature, as contemplated in the Financial Advisory and Intermediary Services Act, 2002, in relation to the assets of the portfolio;

"registered name of portfolio"

means the name under which the portfolio was approved by the Registrar in terms of section 42, read with section 98 of the Act;

"third party named portfolio"

means an incubator portfolio or co-named portfolio established in terms of an agreement.