Regulatory Alerts2018-03-31
Information Circular 3 of 2008: Foreign Exposure Limit for Pension Funds
The South African Financial Services Board announced that the statutory foreign investment limit for pension funds will increase from 15 percent to 20 percent alongside broader Regulation 28 amendments expected within three months. Pending formal legislative changes, the Registrar invites pension funds to apply for a temporary exemption under Regulation 28(5) to immediately access the higher 20 percent foreign exposure threshold. This directive applies to all approved administrators, privately administered funds, and pension insurers, requiring them to submit exemption requests to the Registrar to comply with the interim allowance.
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