Housing Development Agency Act, 2008
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesDetermination on the requirements for hedge fundsPart 3 : Retail Hedge Fund15. Monthly reporting to the registrar |
A manager must in respect of each portfolio, on a monthly basis, within 14 days of the end of the month, furnish the registrar electronically or otherwise, with—
| (a) | all long and short positions in the portfolio reflecting the market value and the effective exposure, and the value of each of these positions expressed— |
| (i) | as a percentage of the total value of assets in the portfolio concerned; and |
| (ii) | where possible, as a percentage of the total amount of assets of that class issued by the entity in which the investment is held, |
and indicating which of such assets cannot be liquidated prior to the next redemption date;
(b) exposure or value-at-risk limits permitted in the founding documents of the portfolio;
(c) exposure or value-at-risk applied during the reporting period;
(d) the level of counterparty exposure; and
(e) the capability of the internal systems of control for derivatives.
