RegAlertRule · FSCA · 31 Mar 2018
Information Circular 5 of 2014: Investments in African Bank Investments Limited Under Curatorship
The South African Financial Services Board requires all retirement funds to report their exposure to African Bank Investments Limited following the entity's placement under curatorship. Funds must complete and electronically submit an attached survey detailing direct and indirect ABIL investments, including those held through collective schemes and insurance policies, by 28 November 2014. This data collection aims to assess the overall extent of retirement fund exposure and identify operational challenges arising from the curatorship.
FINANCIAL SERVICES BOARD
Riverwalk Office Park Block B 41 Matroosberg Road Ashlea Gardens Extension 6 Pretoria South Africa 0081 PO Box 35655 Menlo Park Pretoria South Africa 0102 Tel +27 12 428 8000 Fax +27 12 346 6941 E-mail info@fsb.co.za Toll free 0800 110443/0800 202087 website:www.fsb.co.za
| ENQUIRIES: | Wilma Mokupo | D. DIALLING NO.: | 012 4288032 |
|---|---|---|---|
| OUR REF: | 12/12/25 | FAX: | 012 3466510 |
| DATE: | 20 November 2014 | E-MAIL: | Wilma.Mokupo@fsb.co.za |
INFORMATION CIRCULAR PF NO. 5 OF 2014
INVESTMENTS IN AFRICAN BANK INVESTMENTS LIMITED (Under Curatorship)
1. Introduction
Following the placing of African Bank Investments Limited (“ABIL”) under curatorship, this office has received numerous enquiries and complaints regarding the investments of retirement funds being held directly in ABIL debt instruments as well as through collective investment scheme portfolios, insurance policies and investment managers.
2. Information required:
In order for us to determine the extent of retirement fund investments as well as the challenges experienced by funds regarding these investments, we hereby request funds to complete and forward the attached survey document electronically to Lorraine.deSwardt@fsb.co.za by no later than close of business on 28 November 2014.
3. Should you require any further information regarding the treatment or disclosure of ABIL investments, kindly contact Wilma.Mokupo@fsb.co.za for further assistance.
Yours faithfully
ROSEMARY HUNTER
DEPUTY EXECUTIVE OFFICER: RETIREMENT FUNDS
Board Members: AM Sithole (Chairperson) H Wilton (Deputy Chairperson) Z Bassa JV Mogadime Prof PJ Sutherland FE Groepe D Turpin HMH Ratshefola D Msomi I Momoniat O Makhubela (Alternate) Executive Officer: DP Tshidi
SABS
ISO 9001
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