South African Institute for Drug Free Sport Act, 1997
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)NoticesDetermination of Fit and Proper Requirements and Conditions for Managers of Collective Investment Schemes8. Risk Management by the Manager |
| (1) | The manager must execute periodic evaluation of risk management processes to ensure compliance with all relevant legislation. This must be conducted by an independent party, e.g. auditors or independent risk management consultants, so as not to compromise the evaluation. |
| (2) | A manager must at all times have and effectively employ resources, procedures and appropriate technological systems that can reasonably be expected to eliminate the risk that investors may suffer financial loss through theft, fraud, other dishonest acts, poor administration, negligence, professional misconduct or culpable omissions, and to protect the interests of investors in general. |
