Regulatory Alerts2018-04-01
Circular F.S. 14: Approval of Securities Under the Friendly Societies Act, 1956
The Financial Institutions Office has approved the addition of R12 million in Local Registered Stock issued by the Corporation for Economic Development Limited to the approved securities list for friendly societies under the Friendly Societies Act, 1956. Regulated entities must record these newly approved issues under item 6 of Statement "D" in their prescribed regulatory returns. Auditors are required to review the enclosed circular and return a signed acknowledgement form to the Office to confirm compliance.
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