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

Notices

Determination of the Limits and Conditions for Third Party Named Portfolios of Collective Investment Schemes

Part II : Incubator Portfolios

3. Application

 

An application by a manager to establish an incubator portfolio must be made in accordance with the provisions of section 42 read with section 98 of the Act, and be accompanied by—

(a) A business plan including the following:—
(i) the projected size of the portfolio over a five-year period;
(ii) an indication of where assets will be sourced;
(iii) a description of any possible area of conflict of interest, and the actions to be taken in circumstances of a conflict of interest;
(iv) a description of the marketing and distribution strategies; and
(v) a description of systems and resources to be used, and
(b) An agreement contemplated in paragraph 6 of this Notice.