LogoRegulatory Alerts
2018-04-01

Circular FS 27: Approval of National Exhibition Centre under Friendly Societies Act

The Registrar of Friendly Societies issued Circular FS 27 to formally approve the National Exhibition Centre as a qualifying institution under Section 20(2)(h) of the Friendly Societies Act, 1956. Friendly societies must now classify all investments in bills, debentures, stocks, or loans issued by or extended to the Centre under item 6 of Statement D in their prescribed regulatory returns. The circular also mandates that auditors sign and return an attached acknowledgement form to the Registrar's office to confirm receipt and compliance.

Financial Sector Conduct Authority logo

South Africa

Financial Sector Conduct Authority

Click to view thumbnail

FINANCIAL INSTITUTIONS OFFICE Private Bag X238 PRETORIA. 0001

November 1984

CIRCULAR FS 27

(To all Friendly Societies)

APPROVAL IN TERMS OF SECTION 20(2)(h) OF THE FRIENDLY SOCIETIES ACT, 1956.

  1. The National Exhibition Centre (Association Incorporated under section 21 of the Companies Act, 1973) has been approved as an "institution" in terms of section 20(2)(h) of the Friendly Societies Act, 1956 and should be added to the list in paragraph 2 of Circular F.S. 9 of 20 October 1977.

  2. In the prescribed returns investments in bills, debentures or stocks issued by, or loans to the National Exhibition Centre should be included under item 6 of Statement "D".

  3. A copy of this Circular is enclosed for your auditor. Kindly have the attached acknowledgement form signed by him also before returning it to this Office.

REGISTRAR OF FRIENDLY SOCIETIES /cf.

Share