Regulatory Alerts2018-04-01
Circular F.S.13: Approval of Bophuthatswana Stock and Amendment of Foreign Investment Limits for Friendly Societies
The Registrar of Friendly Societies issued Circular F.S.13 to approve the inclusion of R15 million in Republic of Bophuthatswana Registered Stock as a permissible asset under the Friendly Societies Act, 1956. Friendly societies must record this new security under item 6A of Statement D in their prescribed regulatory returns. The circular also restricts the existing 1.5% investment ceiling for foreign government securities to apply exclusively to issuers from Botswana, Lesotho, and Swaziland, thereby withdrawing Circular F.S.12.
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