Regulatory Alerts2018-03-31
Information Circular 6 of 2008
The South African Financial Services Board grants pension funds extensions for submitting unsigned and signed annual financial statements, statutory valuation reports, and Section 14 transfer applications due to widespread administrative and audit resource constraints. The circular establishes specific new submission deadlines based on each fund's financial year-end and mandates that Section 14 extension requests include detailed justifications, updated transfer values, and a principal officer's declaration of no member prejudice. Additionally, the Registrar notifies affected funds of an impending administrative penalty of R50 per day for any returns submitted after the newly granted extension dates.
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