Files
| Attachment | Size |
|---|---|
| a12-98.pdf | 469.26 KB |
12 of 1998
The repealed Unit Trusts Control Amendment Act 12 of 1998 intended:
- to amend the Unit Trusts Control Act, 1981 [repealed in 2003], so as
- to deregulate the quantum and method of calculation of charges levied by a unit trust scheme;
- to empower a management company to include in a unit portfolio, subject to prescribed conditions, units or any other form of participation in other unit portfolios of a unit trust scheme or other similar scheme;
- to empower the Minister to prescribe the kind of information that must be furnished annually by a management company to the registrar and holders of unit certificates;
- to empower a trustee to appoint a representative to perform specific functions when it is impracticable for the trustee to perform those functions; and
- to allow foreign collective investment schemes to promote their business in the Republic with the approval of and subject to the conditions determined by the registrar; and
- to provide for matters connected therewith.
Commencement
- 1 June 1998, Sections.1, 2, 3, 4, 5, 6 and 7
- 1 August 1998, Section 8
