Regulatory Alerts2018-03-31
Information Circular 4 of 2007: Interim Measures for Electronic Submission of 2006 Financial Statements by All Funds
The South African Financial Services Board extends the deadline for all retirement funds to electronically submit their 2006 financial statements to 30 November 2007. Funds lacking full trustee sign-off by this date may submit provisional documents with an auditor's release letter, provided final signed statements are delivered by 28 February 2008, while audit-exempt mini-funds must submit principal-officer and chairman-signed statements by the November deadline. Non-compliance with these dates or Section 15 of the Pension Funds Amendment Act will trigger penalty levies and regulatory intervention, with supplementary procedures for orphan and unclaimed benefit funds outlined in separate circulars.
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