Tourism Act, 2014
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Part XII : General85. Restrictions on assets which may be included in or lent by portfolio of collective investment scheme |
| (1) | A manager may not sell or offer for sale any participatory interest in a portfolio of a collective investment scheme unless at the time of such offer the portfolio included assets in the manner, within the limits or on the conditions determined by the registrar. |
| (2) | A manager may, subject to section 95, lend or offer to lend assets included in a portfolio in the manner, within the limits or on the conditions determined in the deed. |
| (3) | Different manners, limits and conditions for different assets or portfolios may be determined or provided for under subsection (1) or (2). |
