Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)NoticesDetermination of Fit and Proper Requirements and Conditions for Managers of Collective Investment Schemes2. Introduction |
| 1) | Any manager authorised in terms of the Act, to administer a collective investment scheme, is required to adhere to the Fit and Proper Requirements and Conditions for Managers of Collective Investment Schemes as determined in this Notice. |
| 2) | Managers must complete Annexure B attached to this Notice in respect of its directors and submit it to the registrar within three months after· publication of this Notice together with a written statement signed by the chairperson/managing director describing compliance/non-compliance with paragraphs 3, 4, 5, 6, 7, 8 and 9 of this Notice. |
| 3) | Thereafter, managers must annually submit a written statement as prescribed in paragraph 10 of this Notice to the registrar. |
| 4) | Where an application is made for registration as manager of a collective investment scheme as contemplated in section 42(1) (read with sections 48, 51, 53, 54, 64 and 77) of the Act, or for approval for a change in directors as contemplated in section 43(1)(a) of the Act, Annexure B must be completed by the applicant or manager with regard to its directors. |
| 5) | If the appointment of a director of a manager is terminated for whatever reason the terminated director and public officer must complete Annexure C and submit it to the registrar within one month after termination of such appointment. |