The Financial Services Board (FSB) expects soon to adopt a new policy on the registration of white-label unit trust funds.
A committee that advises Dube Tshidi, the registrar of collective investment schemes and the chief executive of the FSB, is meeting to discuss recommendations on the registration of white-label funds at the end of this month.
Bert Chanetsa, the deputy executive officer of the FSB in charge of investment institutions, says once the committee finalises the recommendations, the FSB will make its policy public.
The FSB recently attempted unsuccessfully to stop Metropolitan Collective Investments from registering more white-label portfolios on behalf of smaller unregistered managers of collective investment schemes and large independent financial advisers.
