South Africa’s National Treasury and Financial Services Board has signed a Declaration Notice from the Minister of Finance and a final Determination from the Registrar of Collective Investment Schemes regarding hedge fund regulation.
This release follows the Minister’s announcement in his 2015 Budget Speech and the Budget Review (Annexure D) that the regulation of hedge funds will be strengthened this year through the declaration of their business as a collective investment scheme from 1 April 2015.
For the full press release click here.
To view the board notice on the requirements for hedge funds, click here.
