COLLECTIVE INVESTMENT SCHEMES: HEDGE FUND MANAGEMENT

COLLECTIVE INVESTMENT SCHEMES: HEDGE FUND MANAGEMENT

• 24 February 2024
• Financial Sector
• SA Legal Academy

The Financial Sector Conduct Authority has issued a notice exempting collective investment scheme managers from certain hedge fund determination requirements. The context to this exemption is outlined in an accompanying communication.

However, neither document refers to the overarching objective of these requirements, which is spelled out in an August 2014 notice on collective investment scheme advertising, marketing and information disclosure. The notice came into force in March 2015.

According to the exemption notice itself, it:

• applies to ‘the manager of a retail hedge fund who intends to establish and administer a retail feeder hedge fund portfolio’, and
• is subject to the retail feeder hedge fund portfolio complying with certain requirements.

Please click the links below for more information:

• notice
• communication
• 2014 disclosure requirements
• 2014 disclosure requrements commencement date

Published by SA Legal Academy Policy Watch

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