Regulatory Alerts2018-03-26
Added · Updated
Information Circular No. 31: Withdrawal of Circular No. 30 on Portfolio Performance Disclosure
The Financial Services Board has withdrawn Circular No. 30, which previously mandated specific publishing and disclosure requirements for portfolio performance to collective investment scheme managers. This revocation follows industry representations highlighting practical implementation challenges with the original July 2017 directives. The withdrawal takes immediate effect, effectively nullifying the former disclosure obligations for all affected scheme managers.
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: | Ms Kedibone Dikokwe | D. DIALLING NO.: | 012 428 8017 |
|---|---|---|---|
| OUR REF: | Circular No. 31 | FAX: | |
| DATE: | 28 September 2017 | E-MAIL: | Kedibone.Dikokwe@fsb.co.za |
INFORMATION CIRCULAR NO.31
TO MANAGERS OF COLLECTIVE INVESTMENT SCHEMES
WITHDRAWAL OF CIRCULAR NO.30
Pursuant to the issuing of Circular 30 (“the Circular”) pertaining to the Publishing and Disclosure of Portfolio Performance, issued on the 12th of July 2017, the Registrar received representations from the industry regarding the practicality of the requirements stated in the Circular.
Having considered the representations made, the Registrar hereby withdraws the Circular with immediate effect.
J.A. BOYD
REGISTRAR OF COLLECTIVE INVESTMENT SCHEMES
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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