ASISA STANDARDS

A Standard is an acknowledged measure of comparison for quantitiative or qualitative value; a criterion.  Further, it is a value that under specified conditions defines, represents, or records the magniture of a unit.  It is something, such as a practice or a product that is widely recognised or employed, especially because of its excellence.  In ASISA, Standard will therefore refer to a specific document issued to ensure that all members act, measure or report informtion, in acordance with specific rules under the specified conditions.  This will ensure that, for the specified circumstance, there is a fair basis of comparison amongst all members.

Long Term Insurance

Asisa Standard on Disclosures for Critical Illness Products

Collective Investment Scheme Industry

Fundisa Fund Standard, August 2009

Previous association standards

Compliance with ASISA Standards is compulsory for all ASISA members. By adhering to these Standards, member companies have undertaken to develop processes and products that provide investors with a quality assurance that goes beyond the legislative and regulatory framework.

The current versions of the Standards 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

• ACI Standard - Pricing and Valuation, 1 November 2008
• ACI Standard - Calculation and Publication of Total Expense Ratios (TER) - July 2008 V2
• Dealing with valuation and administration errors
• ACI Standard - Reporting of Prices on Collective Investment Schemes
• Treatment of Taxation and CGT Reporting
• Third Party Portfolios and Co-Branding
• Modified Duration and Calculation of Weighted Average Maturity
• Compliance with Foreign Regulations
• Performance Fee Standard
• Manager Transactions in Participatory Interests of Own Scheme
• Standard on Foreign Exchange Reporting Compliance
• SARB ECC D458
• SARB ECC D427
• SARB ECC D403

Templates

• Supplemental Deed
• ACI Mandate Template
• Main Deed CIS in Securities
• Main Deed CIS in Property

Supplementals

• Model Deed to Change Valuation Point of Scheme Final
• Guideline for CISCA Supplementals
• Annexure D - Specimen Supplemental
• Annexure C - Specimen Supplemental
• Annexure B - Specimen Supplemental
• Annexure A - Specimen Supplemental
• Annexure E2 Specimen Supplemental Managers Charge SP 20050919.pdf

Amending the definition of manager’s charge and service charge. Also, the amendment of the method of calculation of these charges in a Scheme that does not have multiple classes

• Annexure E1 Specimen Supplemental Managers Charge MP 20050922

Amending the definition of manager’s charge and service charge. Also, the amendment of the method of calculation of these charges in a Scheme that have multiple classes