Regulatory Alerts2018-03-31
Information Circular 4 of 2005: Requirements for the Registrar under the Tax on Retirement Funds Act
The Financial Services Board’s Registrar of Pension Funds has issued new procedural requirements for accepting statutory actuarial valuations of retirement funds under the Tax on Retirement Funds Act, 1996. Effective 1 October 2005, the Registrar will formally accept actuarial valuations submitted under section 16 of the Pension Funds Act once the calculated asset and liability values are verified as compliant with the Act’s definitions. Retrospective acceptance for valuations dated prior to the effective date will only be granted if explicitly requested by the affected retirement fund.
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