CIS hedge fund definition

CIS hedge fund means a hedge fund as defined in the Declaration made by the Minister under section 63 of the Collective Investment Schemes Control Act;
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Examples of CIS hedge fund in a sentence

  • Disposals of units in a retail CIS hedge fund will now be subject to the same regime as disposal of units in collective investment schemes in securities.

  • The “manager” here refers to the CIS (hedge fund) manager9 and not the Category IIA FSP.

  • If the intention of the CIS manager is to solely manage CIS hedge fund portfolios, then the Cat IIA licence will not be necessary.The principles of administration contained in the draft Regulations seek to guide the CIS manager (who must register under CISCA) in terms of the manner in which the fund should be administered.

  • The CIS (hedge fund) manager may appoint or use a prime broker and a custodian from the same banking group, subject to clear functional separation between the prime broker and custodian.

  • These prudential requirements are important to ensure investor protection and business continuity of the CIS hedge fund manager.

  • Further, the Registrar will have the normal powers and discretion to interrogate and object to leverage limits that may not be appropriate, after discussion with the CIS (hedge fund) manager.

  • One of the critical roles they play is to be a counterparty to hedge funds by providing them with leverage or lending them securities (for short selling).Given the central role played by prime brokers, the Regulations require the CIS (hedge fund) manager to be satisfied with the prime broker’s functional and operational capabilities before they appoint them.

  • The Category IIA FSP is regulated and licensed in terms of the FAIS Act, while the CIS (hedge fund) manager will be registered and regulated in terms of CISCA.

  • Disposals of units in a retail CIS hedge fund will now be subject to the same regime as disposal of units in CISs in securities.

Related to CIS hedge fund

  • Forward Hedge Amount means, for any Forward, the amount specified as such in the Placement Notice for such Forward (as amended by the corresponding Acceptance, if applicable), which amount shall be the target Aggregate Sales Price of the Forward Hedge Securities to be sold by the Forward Seller in respect of such Forward, subject to the terms and conditions of this Agreement.

  • Permitted Bond Hedge Transaction means any call or capped call option (or substantively equivalent derivative transaction) on the Parent’s common Equity Interests purchased by the Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction does not exceed the net proceeds received by the Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction.

  • Designated Hedge Agreement means any Hedge Agreement (other than a Commodities Hedge Agreement) to which the Borrower or any Subsidiary is a party and as to which, at the time such Hedge Agreement is entered into, a Lender or any of its Affiliates is a counterparty.

  • Hedge Agreement means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement.

  • Hedge Agreements means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Secured Hedge Agreement means any Swap Contract that is entered into by and between any Loan Party and any Hedge Bank.

  • Interest Swap Obligations means the obligations of any Person pursuant to any arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

  • Hedge Transaction means each interest rate cap transaction between the Borrower and a Hedge Counterparty that is entered into pursuant to Section 5.2 and is governed by a Hedging Agreement.

  • Excluded Swap Obligation means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an ECP at the time the Guarantee of such Guarantor or the grant of such security interest becomes or would become effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.