Regulatory Alerts2018-03-31
Added · Updated
Information Circular 13 of 2007: Extension for Electronic Submission of 2006 Annual Financial Statements
The South African Financial Services Board extends the deadline to 31 March 2008 for the mandatory electronic submission of 2006 annual financial statements by pension funds and administrators. While small funds may submit unaudited reports per previous circulars, all entities must utilize the regulator's specified electronic filing guidelines. Non-compliance or deliberate delays will trigger financial penalties and further regulatory sanctions under the Pension Funds Act.
FINANCIAL SERVICES BOARD
Rigel Park 446 Rigel Avenue South Erasmusrand Pretoria 0181 South Africa
PO Box 35655 Menlo Park Pretoria 0102 South Africa
Tel +27 12 428 8000 Fax +27 12 347 0221 E-mail info@fsb.co.za
Toll free 0800 110443 Internet http://www.fsb.co.za
| ENQUIRIES: | Alta Marais | D. DIALLING NO.: | (012) 428 8065 |
|---|---|---|---|
| OUR REF: | 12/12/1 | FAX: | (012) 347 0874 |
| DATE: | 5 December 2007 | E-MAIL: | altam@fsb.co.za |
(To all approved administrators, privately administered funds and insurers who underwrite pension funds)
INFORMATION CIRCULAR 13 OF 2007
GENERAL EXTENSION FOR THE ELECTRONIC SUBMISSION OF THE 2006 ANNUAL FINANCIAL STATEMENTS IN TERMS OF SECTION 33 OF THE PENSION FUNDS ACT, 24 OF 1956 (“the Act”)
In terms of section 33(1) of the Act, extension is hereby granted for the submission of annual financial statements for the 2006 financial year-ends until 31 March 2008. Funds are reminded of the contents of Information Circular 12 of 2007 whereby small funds would be allowed to submit unaudited financial statements for the 2006 annual year-ends.
Funds which remain in default or any party that contributes to unnecessary delay will be levied a penalty and/or subjected to any other regulatory intervention as per the Act.
The said annual financial statements referred to above, must be submitted electronically by the due date. Guidelines for the electronic submission of financial statements are available on the website, www.fsb.co.za under “retirement funds department/electronic submissions/financial statements”.
Yours faithfully
JURGEN BOYD
REGISTRAR OF PENSION FUNDS
Board Members Dr CDR Rustomjee (Chairperson) AM Sithole (Deputy Chairperson) BM Hawksworth
Ms JV Mogadime Ms AMM Mokgabudi Ms LM Mojela Prof PJ Sutherand Ms HS Wilton
Executive Officer RJG Barrow
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