Regulatory Alerts2018-03-31
Information Circular 11 of 2007: Submission of Audited Financial Statements for Funds Terminating by 31 October 2008
The Financial Services Board permits pension funds terminating or transferring by 31 October 2008 to submit unaudited financial statements instead of audited ones due to industry capacity constraints. These funds must electronically submit statements in the prescribed Annexure E or F formats by the due date and remain subject to the Registrar's discretion to mandate a subsequent audit. Additionally, the circular notes that annual financial periods may be extended up to 18 months provided a rule amendment is registered.
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