Regulatory Alerts2018-03-31
Information Circular 2 of 2007: Electronic Submission of 2005 Financial Statements
The Financial Services Board requires all approved retirement funds, insurers, and administrators to electronically submit their unsigned 2005 annual financial statements in prescribed formats as an interim measure to address critically low submission rates. This directive extends the submission deadline to 28 February 2007 and imposes a R50 daily penalty for late filing, while mandating that signed statements must still be provided for final regulatory registration. The regulator will subsequently review and potentially revise fund categorisation limits based on the received data to ensure compliance with statutory reporting obligations.
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