Information Circular PF No. 1 of 2012: Regulation 28 Quarterly Non-Compliance Reporting

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.:	012 428 8032
OUR REF:		FAX:	012 346 6510
DATE:	4 September 2012	E-MAIL:	Wilma.Mokupo@fsb.co.za

INFORMATION CIRCULAR PF NO. 1 OF 2012

PENSION FUNDS ACT, 1956

REGULATION 28 QUARTERLY NON-COMPLIANCE REPORTING

In order to minimise the costs of reporting to the Registrar's Office, the format and content of the Regulation 28 quarterly non-compliance report as set out in Notice 3 of 31 May 2012 has been revised, and the draft revised format is attached hereto. Workshops will be conducted to demonstrate and provide clarity on, the revised electronic reporting format.

In terms of Notice 3, retirement funds are required to submit the quarterly non-compliance report for all quarters ending March, June, September and December for quarters following 1 January 2012 within 90 days after the end of the quarter. Given the fact that the revised electronic format will only be finalised and workshopped in September, the submission date of 30 September 2012 for the March 2012 and June 2012 quarters is hereby postponed to 31 October 2012.

Further, please note that any breach of the limits as prescribed in regulation 28(3)(j), need only be reported as a non-compliance when any of the conditions contained therein have not been complied with.

Board Members: AM Sithole (Chairperson) H Wilton (Deputy Chairperson) Z Bassa JV Mogadime Prof PJ Sutherland D Turpin HMH Ratshefola D Msomi M Mnyande (Alternate) I Momoniat O Makhubela (Alternate) Executive Officer: DP Tshidi

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Workshops have been arranged as follows:-

Sandton	14 September 2012
Alexander Forbes Financial Services	10h00 – 12h00
61 Katherine Street
Sandown
Cape Town	18 September 2012
Deloitte	10h00 – 12h00
1st floor The Square,
Cape Quarter Extension,
27 Somerset Road, Green Point
Durban	19 September 2012
Alexander Forbes Place	09h00-11h00
10 Torsvale Crescent
Torsvale Park
La Lucia Ridge Office Estate
La Lucia
Kwa Zulu-Natal

Kindly confirm attendance at any one of the workshops with Florence.Legodi@fsb.co.za by no later than the 13th September 2012.

Kind regards

J. A. BOYD
REGISTRAR OF PENSION FUNDS

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