ANNEXURE E
APPROVAL OF ADDITIONAL PORTFOLIO
The following information must accompany an application for approval of a new portfolio:
| a) |
Proper motivation for additional portfolio. |
| b) |
Objective(s) of proposed portfolio. |
| c) |
Key characteristics of proposed portfolio: |
| ii) |
investment parameters; |
| iii) |
income distribution and the intervals thereof; |
| iv) |
limitation of portfolio size (if applicable); and |
| v) |
industry association portfolio classification. |
| d) |
Investor market to be targeted: |
| i) |
Provide details of intended market target; and |
| ii) |
provide details of distribution and marketing strategies. |
| e) |
Name of Investment Manager. |
| f) |
Motivation for name of portfolio. |
| g) |
Proposed launch date of portfolio. |
| h) |
Other documents to accompany application: |
| i) |
Pro-forma supplemental deed; |
| ii) |
auditor's confirmation of capital invested; and |
| iii) |
letter from systems-provider confirming ability of system to provide service for the additional portfolio. |
Protection of Businesses Act, 1978
