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IAS recognized but not fully adopted in practice.
Principle 17 - Eligibility standards. The regulatory system should set standards for the eligibility and the regulation of those who wish to market or operate a collective investment scheme.
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X
No law, no CISs.
Principle 18 - Legal form and structure. The regulatory system should provide for rules governing the legal form and structure of collective investment schemes and the segregation and protection of client assets.
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X
No law, no CISs.
Principle 19 - Disclosure for suitability and valuation. The regulations should require disclosure, as set forth under the principles for issuers, which is necessary to evaluate the suitability of a collective investment scheme for a particular investor and the value of the investor's interest in the scheme.
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X
No law, no CISs.
Principle 20 - Basis for valuation and pricing for redemption. The regulations should ensure that there is a proper and disclosed basis for asset valuation and the pricing and the redemption of units in a collective investment scheme.
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X
No law, no CISs.
Principle 21 - Entry standards. The regulations should provide for minimum entry standards for market intermediaries.
X
В В В В
Principle 22 - Initial and on-going prudential requirements. There should be initial and ongoing capital and other prudential requirements for market intermediaries that reflect the risks that the intermediaries undertake.
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X
В В В
Monthly capital. adequacy report not audited. NSCG does not have power to reject an auditor. /Td>
Principle 23 - Internal organization and operational conduct and risk management. Market intermediaries should be required to comply with standards for internal organization and operational conduct that aim to protect the interests of clients, ensure proper management of risk, and under which management of the intermediary accepts primary responsibility for these matters.
В
X
В В В
No specific requirement of compliance officer/dept. with specific responsibilities. <...
