Regulatory Alerts2018-03-31
Information Circular 4 of 2009: Approval Requirements for Foreign Investment Managers Serving South African Pension Funds
The Financial Services Board and the Registrar of Pension Funds clarify that foreign-based investment managers must obtain Financial Advisory and Intermediary Services authorisation and Section 13B approval to provide investment administration or advice to South African pension funds. Entities previously approved under repealed legislation must submit new compliance applications to the Registrar by 31 March 2010 to regularise their status. Failure to meet this deadline will result in referral to the Enforcement Committee for appropriate sanctions.
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