Regulatory Alerts2018-03-31
Information Circular 5 of 2007: Extension for Electronic Submission of 2007 Retirement Fund Financial Statements
The South African Financial Services Board grants a general extension until 31 August 2008 for all retirement funds and until 30 October 2008 for underwritten retirement annuity funds to electronically submit their 2007 financial statements. Non-compliance with these deadlines will trigger penalties or regulatory intervention under the Pension Funds Amendment Act of 2007. Administrators are additionally directed to leverage existing electronic reporting procedures for orphan and unclaimed benefit funds to reduce compliance burdens, with detailed guidelines available on the regulator's website.
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