South Africa’s National Treasury and the Financial Services Board has released, for public comment, a proposed framework for the regulation of hedge funds in South Africa.
The framework proposes that the regulatory framework for hedge funds be housed within the existing Collective Investment Schemes Control Act, No 45 of 2002 (CISCA) and subsequently through the creation of a separate chapter for hedge funds within CISCA.
This framework proposes two types of hedge funds — Restricted and Retail Hedge Funds.
The proposed framework is available on the National Treasury and Financial Services Board websites, www.treasury.gov.za and www.fsb.co.za, respectively. Comments can be submitted by 15 November. 2012
Documents for download:
Press release – SA Treasury and Financial Services Board. 13 September 2012
The Regulation of Hedge Fund in South Africa: A proposed framework. September 2012
