Application for Approval to Operate a Collective Investment Scheme in Hedge Funds

FormRCIS

RetailHedge Fund

APPLICATION FOR APPROVAL TO OPERATE A COLLECTIVE INVESTMENT SCHEME IN HEDGE FUNDS
FULL NAME OF APPLICANT:
FULL NAME OF PERSON COMPLETING APPLICATION:
CONTACT DETAILS OF PERSON COMPLETING THE APPLICATION
TELEPHONE: EMAIL:
Please send the completed form, supporting documents and prescribed fee (see the Financial Services Board Fees available on the Board’s website) to the address below.
Financial Services Board
Riverwalk Office Park
Block B
41 Matroosberg Road
Ashlea Gardens, Extension 6
Pretoria
0181
South Africa / Telephone: 012428 8000
Website:

APPLICATION FOR APPROVAL TO OPERATE A COLLECTIVE INVESTMENT SCHEME IN HEDGE FUNDS

HEDGE FUND CATEGORY: RETAIL HEDGE FUND SCHEME

LEGAL STRUCTURE: COLLECTIVE INVESTMENT SCHEME TRUST

1. Has the manager registered/applied for registration as a management company (MANCO)?

YES / NO

1. How many schemes is the manager applying for?

1. Has the manager submitted a scheme deed in respect of each scheme?

YES / NO

1. How many portfolios will be registered under each scheme? Please indicate on the table below

SCHEME NAME / NUMBER OF PORTFOLIOS

1. Doeseachscheme deed as a minimum, include all provisions as set out in the Declaration and the Model Deed?

YES / NO

1. Has the manager appointed a trustee/custodian?

YES / NO

1. If “yes” to 6, has form Form SP been completed with the details of the trustee/custodian?

YES / NO

1. Has the manager appointed an independent administrator?

YES / NO

1. If “yes” to 8 above has form Form SP been completed with the details of the independent administrator?

YES / NO

1. If “no” to 8 above, has the manager appointed an independent valuator?

YES / NO

1. If “yes” to 10 above, has Form SP been completed with the details of the valuator?

YES / NO

1. Where the manager has elected to perform administration in-house, it must obtain a report from a registered independent auditor that attest to its capacity and capability to perform this function itself.

SCHEDULE REFERENCE:

1. Has the manager appointed a separate depository?

YES / NO

1. If “yes” to 13, has form SP been completed with the details of the depository?

YES / NO

1. Is the asset management function of the manager outsourced to an asset manager?

YES / NO

1. If “yes” to 15has form SP been completed with the details of the asset manager.

YES / NO

1. Has the manager appointed an outsourced risk and compliance service provider?

YES / NO

1. If “yes to 17 above, has form SP been competed with regards to the risk and compliance function?

YES / NO

1. Has the manager appointed a prime broker?

YES / NO

1. If “yes” to 19 above, has form SP been completed with details of the prime broker?

YES / NO

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