Regulatory Alerts2018-03-31
Information Circular 4 of 2010: Inward Listing of British American Tobacco Plc
The Registrar of Pension Funds extends the compliance window for pension funds that exceeded foreign investment limits following the inward listing and unbundling of British American Tobacco Plc shares. Affected funds may apply for a temporary exemption under Regulation 28(5) to retain these classified foreign holdings beyond standard portfolio allowances. This exemption is valid until 31 October 2012, conditional upon the complete cessation of further BAT share investments.
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