Regulatory Alerts2018-03-31
Information Circular 6 of 2010: Regulation 28 Foreign Investment Exemption for Pension Funds
The Registrar of Pension Funds issued this circular to implement the South African Reserve Bank's increase of the foreign investment allowance for retirement funds from 20 percent to 25 percent. Pending formal amendments to Regulation 28 of the Pension Funds Act, pension funds must apply for regulatory exemptions to legally utilize the expanded overseas investment limit. Funds previously granted exemptions for the 20 percent threshold will automatically receive approval for the new 25 percent limit via a forthcoming letter, eliminating the need for duplicate applications.
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