Mutual Funds

Services

  •  Steps and procedures to deliver the service:

    1. The application shall be submitted complete to the Authority.
    2. The Authority shall examine the application and enclosed documents if it is complete with all requirements.  The Authority may request any information or documents from the applicant. 
    3. The Authority shall issue its decision approving or rejecting the application within a period of no more than thirty (30) business days from the date of submission of the complete application.   The Authority may set limits for approved at its sole discretion.


  1. The application is submitted complete to the Authority.
  2. The Authority shall examine the application and enclosed documents; and in the case of missing information or documents, the applicant shall be notified of the need to complete the data and documents required by the Authority.
  3. The Authority shall issue its decision approving or rejecting the application within a period of no more than thirty (30) business days from the date of submission of the complete application.   The Authority may set limits for approved at its sole discretion.

1. The founder of the local fund shall submit an application for mutual fund cancellation, along with a report of liquidation reasons and mechanism.

2. SCA shall examine the application submitted and the documents attached. SCA has the right to require any other documents or information it sees fit.

3. SCA shall issue its decision approving or rejecting the cancellation application in no more than 15 business days from the date of submitting all required documents and information.

​1. The application must be completed, as per Form 1, and submitted to SCA by the legal representative of the fund. Soft and hard copies of the documents outlined in the application form must be attached with the application.

2. SCA shall consider the application and the documents attached and shall notify applicants of any missing information or documents.

3. SCA shall either approve the prospectus/private placement memorandum amendment application or turn it down. SCA has the right to put approval limits and terms according to the nature of the fund and the nature of offering in the country.

4. Applicants must complete the procedures within the approval limits and then supply SCA with the following: • Two hard copies of the prospectus/private placement memorandum (post amendment) as per the approval issued.

• Any other documents SCA requires in accordance with the limits or terms of approval issued.

• SCA shall certify the two copies of the prospectus/private placement memorandum and shall furnish one copy to the applicant.

  1. The application shall be submitted complete to the Authority.
  2. The Authority shall examine the application and enclosed documents if it is complete with all requirements.  The Authority may request any information or documents from the applicant. 
  3. The Authority shall issue its decision approving or rejecting the application within a period of no more than thirty (30) business days from the date of submission of the complete application.   The Authority may set limits for approved at its sole discretion.
  1. The application is submitted complete to the Authority.
  2. The Authority shall examine the application and enclosed documents; and in the case of missing information or documents, the applicant shall be notified of the need to complete the data and documents required by the Authority.
  3. The Authority shall issue its decision approving or rejecting the application within a period of no more than thirty (30) business days from the date of submission of the complete application.   The Authority may set limits for approved at its sole discretion.