Regulatory Alerts2018-03-31
Information Circular 2 of 2008: Fee Exemption for Funds Terminating or Transferring by 31 October 2008
The South African Financial Services Board exempts pension funds terminating or fully transferring on or before 31 October 2008 from prescribed fees for rule amendments and section 14 transfer applications. This exemption requires that applications for rule amendments and full transfers be submitted by 31 October 2008, accompanied by a covering letter explicitly claiming the fee waiver. Funds must submit unaudited financial statements until all assets and liabilities are transferred, and must apply for cancellation of registration with proof of termination by 31 December 2008, or face fee recovery.
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