2018-03-31
The Financial Services Board delegates the approval and ongoing supervision of investment administrators under Section 13B of the Pension Funds Act to the Registrar of the Financial Advisory and Intermediary Services. Effective 1 January 2013, all section 13B applications must be directed to the FAIS Department, which will assume full regulatory oversight. This administrative transfer consolidates investment administration licensing within the FAIS framework to streamline compliance and regulatory processes.
# FINANCIAL SERVICES BOARD
Riverwalk Office Park Block B 41 Matroosberg Road Ashlea Gardens Extension 6
Pretoria South Africa 0081 PO Box 35655 Menlo Park Pretoria South Africa 0102
Tel +27 12 428 8000 Fax +27 12 346 6941 E-mail info@fsb.co.za
Toll free 0800 110443/0800 202087 website:www.fsb.co.za
| ENQUIRIES: | Fikile Mosoma | D. DIALLING NO.: | 012 428 8072 |
|------------|---------------|------------------|--------------|
| OUR REF: | | FAX: | |
| DATE: | 13 December 2012 | E-MAIL: | fikile.mosoma@fsb.co.za |
## INFORMATION CIRCULAR PF NO. 3 OF 2012
### PENSION FUNDS ACT, NO 24 OF 1956
### SECTION 13B – ADMINISTRATION OF INVESTMENTS ON BEHALF OF PENSION FUNDS
The approval of investment administrators in terms of section 13B of the Pension Funds Act, 1956 was delegated to the Registrar of Financial Advisory and Intermediary Services (“FAIS”). As a consequence all duly completed applications for approval in terms of section 13B in respect of investment administration must be directed to the Registrar of FAIS.
With effect from 1 January 2013 all approvals and continuous supervision of investment administrators in terms of section 13B will from be conducted by the FAIS Department.
Yours sincerely
*Signature*
**REGISTRAR OF PENSION FUNDS**
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Board Members: AM Sithole (Chairperson) H Wilton (Deputy Chairperson) Z Bassa JV Mogadime
Prof PJ Sutherland D Turpin H M H Ratshefola D Msomi I Momoniat O Makhubela (Alternate)
Executive Officer: DP Tshidi
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