Regulatory Alerts2018-03-31
Information Circular 1 of 2010: Regulation 28 Foreign Investment Exemption
The Registrar of Pension Funds has extended the exemption under Regulation 28 of the Pension Funds Act, allowing South African pension funds to allocate up to 20 percent of their assets to foreign investments. This exemption, which previously permitted funds to exceed the standard 15 percent overseas investment limit until 31 March 2010, is now prolonged until 31 March 2012. The Registrar will notify each individual fund of this extension through a direct correspondence letter.
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