Regulatory Alerts2018-03-31
Information Circular 7 of 2008: Extensions for Terminating Funds
The South African Financial Services Board extends regulatory deadlines for pension funds undergoing termination or full transfer. Pursuant to prior circulars, the submission deadline for audited financial statements and the associated fee payment deadline are extended to 31 December 2008 and 31 March 2009, respectively. These extensions grant approved administrators, privately administered funds, and pension fund insurers temporary relief from standard compliance and fee obligations during the winding-up process.
Board Members Dr CDR Rustomjee (Chairperson) Mr AM Sithole (Deputy Chairperson) Mr BM Hawksworth Ms H Wilton Prof PJ Sutherland Ms JV Mogadime Ms T Mokgabudi Prof M Ncube Ms Z Bassa Ms M Phetla-Lekhethe Executive Officer Mr DP Tshidi Rigel Park 446 Rigel Avenue South Erasmusrand Pretoria 0181 South Africa PO Box 35655 Menlo Park Pretoria 0102 South Africa Tel +27 12 428 8000 Fax +27 12 347 0221 E-mail info@fsb.co.za Toll free 0800 110443 Internet http://www.fsb.co.za ENQUIRIES: Alta Marais D. DIALLING NO.: 012 428 8065 OUR REF: 12/12/1 FAX: 012 347 0874 DATE: 27 October 2008 E-MAIL: altam@fsb.co.za (To all approved administrators, privately administered funds and insurers who underwrite pension funds) INFORMATION CIRCULAR 7 OF 2008 EXTENSIONS IN RESPECT OF FUNDS TO BE TERMINATED Pursuant to Information Circulars 11 of 2007 and 2 of 2008 wherein funds, terminating or transferring in full, were exempted from the submission of audited financial statements and from paying the prescribed fee in respect of rule amendments and applications for section 14, the dates of 31 October 2008 and 31 December 2008 as stipulated in therein are hereby extended to 31 December 2008 and 31 March 2009 respectively. Yours faithfully JA BOYD DEPUTY EXECUTIVE OFFICER AND DEPUTY REGISTRAR OF PENSION FUNDS