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Draft hedge fund regulations released

Johannesburg – In-depth draft regulations to expand the scope of oversight over hedge funds were released for public comment by the Treasury and Financial Services Board (FSB) last week.

The Treasury and the FSB said South Africa, as a committed member of the Group of 20 (G20), had embarked on this process following the global financial crisis in 2008. This had culminated in the release for public comment in September 2012 of the proposed framework for regulating hedge funds in the country.

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