Public Service Commission Act, 1997
R 385
Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002)Board NoticesRules for the administration of a collective investment scheme in participation bonds9. Offer of participatory interests |
A manager may not offer, grant or hold participatory interests in a scheme, whose aggregate value exceeds the balance of the principal debt owing under all participation bonds and other permissible assets included in the scheme.
