2018-03-31

Information Circular PF 3 of 2012: Section 13B Investment Administration Delegation

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.

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# 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  

SABS  
ISO 9001