Schedule 28 compliance for RA

[whatwhat]

For RAs one has to be under the specific limits for the various exposures - international, equity and property.

What happens when they go over? I assume you need to call them to adjust it? Since this is an RA and not equities I assume there is nothing to be paid for switching the funds from one to the other?

 

[gazzak]

Regulation 28 is generally managed by the underlying fund managers and the limits are based on the funds mandate.
The platform that you are invested through should have controls in place to notify you if your RA goes out of reg 28 allowance, a switch or rebalance would then have to be done.

Reg 28 is a retrospective rule but due to the complexity and the admin burden, older policies will only be forced to comply if a change is made to them.