Sunday, 16 December, 2018 - 07:17
Asset Management Companies are legal entities which engage mainly in the management of private securities by way of investments and trading on the stock exchange. They do this via Investment Management Companies (IMCs) to which they send the corresponding orders to discretely handle the management of securities entrusted to them for a management term established with their customers.
These management companies, acting on behalf of third parties, must not hold the securities and/or funds of their customers. They are called Asset Management Companies.
The conditions for the approval of Asset Management Companies are defined in CREPMF’s General Rules and Regulations and under CREPMF’s Instruction 5/97 relating to the approval of Asset Management Companies.