Regulatory Alerts2018-03-31
Information Circular 1 of 2012: Regulation 28 Quarterly Non-Compliance Reporting
The Financial Services Board has revised the electronic format and submission deadlines for quarterly Regulation 28 non-compliance reports required from South African retirement funds. The submission deadline for the March and June 2012 quarters is extended to 31 October 2012 to allow time for stakeholder workshops demonstrating the new reporting template. Funds must also adhere to updated guidance clarifying that breaches of Regulation 28(3)(j) limits only require non-compliance reporting when specific statutory conditions are unmet.
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