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

Part VII : Declared Collective Investment Schemes

63. Declaration of specific type of business as collective investment scheme for purposes of Act

 

(1) The Authority may by notice in the Gazette declare a specific type of business to be a collective investment scheme to which this Act or any part or provision thereof applies.

 

(2) The Authority may for the purposes of subsection (1)—
(a) define the business activity of a declared collective investment scheme;
(b) specify the matters that must be included in the deed of a declared collective investment scheme;
(c) issue different notices for different types of declared collective investment schemes.

 

[Section 63 substituted by section 290, item 7 in Schedule 4, of Act No. 9 of 2017 - effective 1 April 2018 (paragraph (h) of Notice 169 of 2018)]