GUIDELINES

Compliance with ASISA Guidelines is voluntary but strongly encouraged. The Guidelines provide a guide to what is considered to be industry best practice in certain areas.

The current versions of the Guidelines still reflect reference to the founding associations of ASISA, i.e. the ACI, LOA, IMASA and LISPA. Working groups have been tasked with consolidating the Codes of Practice, Standards and Guidelines of the founding trade associations and determining their re-branding. It is envisaged that this project will be finalized by the end of 2009.

In the interim period the ASISA Board and its members have undertaken to continue to be bound by the existing Codes of Practice, Standards and Guidelines until such time as the ASISA versions are in place.

Collective Investment Scheme Industry

• VAT on Managers Charge, March 2008
• Adherence to the Requirements of Section 24J of the Income Tax Act, November 2007
• Scrip lending
• Taxation of CIS on Gain Made on Sale or Maturity of Derivatives
• SARS IT3 Information Requirements
• Provision for Suspension of Repurchases and Ring Fencing Assets
• Principles of Selecting Names for CIS
• FSB Questionnaire for Approval of FCIS
• FSB Guideline and Application of New Scheme and New Fund
• FICA Identification and Verification Requirements
• Completion of CIS Investment Mandates
• Guideline on Decimal places in the Collective Investment Industry
• Guideline for applications ito CIS
• FSB New Scheme Guidance
• ACI Guideline - Draft CISCA Deed
• ACI Guideline - Independence of Trustee or Custodian of FCIS - Approved