Regulatory Alerts2018-03-31
Information Circular 3 of 2007: Electronic Submission of 2006 Financial Statements
The Financial Services Board issued Information Circular 3 of 2007 to mandate the electronic submission of draft 2006 financial statements by approved retirement funds, insurers, and administrators. This interim measure permits unsigned drafts accompanied by auditors' release letters for small and large funds, or those in the signing process for mini funds, to facilitate the annual report to parliament. Entities must submit the final signed statements by 30 September 2007 to avoid daily penalties of R50 for late compliance.
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