Regulatory Alerts2018-03-31
FSB Circular 1/2006: Extension of Deadline for 2005 Pension Fund Financial Statements and Reports
The South African Financial Services Board extends the submission deadline for 2005 financial statements and reports from privately administered pension funds to 30 April 2006. Underwritten funds are granted a separate extension until 31 August 2006 to submit un-audited returns electronically in the mandated new format. The regulator warns that late submissions will incur penalties but notes that further individual extensions may be granted upon formal request.
# FINANCIAL SERVICES BOARD
Rigel Park 446 Rigel Avenue South Erasmusrand Pretoria South Africa
PO Box 35655 Menlo Park Pretoria South Africa 0102
Tel (012) 428-8000 Fax (012) 347-0221 e-Mail info@fsb.co.za
Int +27 12 428-8000 Int +27 12 347-0221 Toll free 0800110443
Internet: http://www.fsb.co.za
Enquiries: Ms W Mokupo
Our ref: 12/1
Date: 07 March 2006
D. Dialling No.: 012 428 8032
Fax: 012 347 8787
e-mail: wilnam@fsb.co.za
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## INFORMATION CIRCULAR 1/2006
To all approved administrators and all privately administered funds
### EXTENSION IN TERMS OF SECTION 33 OF THE PENSION FUNDS ACT NO. 24 OF 1956 (AS AMENDED) FOR 2005 FINANCIAL STATEMENTS, REPORTS AND STATISTICS
As stated in Information Circular 1/2005, this Office is aware of the practical implementation problems experienced in the adjustment of systems to enable electronic reporting in the new format.
The extension granted in terms of Section 33(1) until 31 March 2006 for all privately administered funds for the submission of 2005 financial statements **electronically and in the new format**, is **extended to 30 April 2006**.
In the case of Underwritten Funds, extension has been granted until 31 August 2006 for the submission of un-audited 2005 returns electronically and in the new format.
All 2005 returns must reach this Office in good time on or before the extension has expired to avoid penalties being generated, however, **further extensions will be considered on an individual basis on receipt of such requests**.
For your ease of reference, the guidelines on electronic submissions and the new format are available on the FSB website [www.fsb.co.za](http://www.fsb.co.za), under "Latest News".
Thanking you for your kind co-operation.
Yours sincerely
**Mokupo**
HEAD: PENSIONS – PRUDENTIAL SUPERVISION
Board Members: Dr CDR Rustumjee (Chairperson) AM Sithole (Deputy Chairperson) BM Hawksworth Ms JV Mogadime
Ms LM Mojela Ms AMM Mokgabudi Prof PJ Sutherland Ms HS Wilton
Board Secretary: SB Makgalemele
Executive Officer: RUG Barrow
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