Regulatory Alerts2018-04-01
Circular 20: Approval of Additional Securities Under the Friendly Societies Act, 1956
The Registrar of Friendly Societies issued Circular 20 to approve two additional securities for investment by friendly societies under sections 20(2)(h) and 20(2)(i) of the Friendly Societies Act, 1956. The approved instruments comprise R35 million in Local Registered Stock from the Corporation for Economic Development Limited and R15 million in 13.60% Local Registered Stock from the Republic of Bophuthatswana. Friendly societies must incorporate these issues into their approved investment lists and return auditor-signed acknowledgement forms to the Financial Institutions Office.
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