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

Part XII : General

86. Business capacity of manager

 

(1) A manager may conduct business other than administration subject to the prior approval of the registrar.

 

(2) The registrar may on such conditions as he or she may determine approve the application of a manager to conduct other business, if the investors in the collective investment scheme administered by the manager are not likely to be prejudiced.

 

(3) A manager may conduct business other than administration subject to the prior approval of the registrar.

 

(4) The registrar may on such conditions as he or she may determine approve the application of a manager to conduct other business, if the investors in the collective investment scheme administered by the manager are not likely to be prejudiced.