PF Circular 79: Registration of Pension Fund Trust Deeds

FINANCIAL SERVICES BOARD
446 Rigel Avenue South Erasmusrand 0181 Private Bag X238 Preloria 0001 Tel (012) 347.0660 lnt + 27-12-347-0660 Fax (012) 347.0221 Enquiries:
Our ref: 12/12/1
Dale. April 1993
CIRCULAR PF NO. 79

(To all self-administered pension funds and insurers who underwrite pension funds) - This office currently experiences problems with the legal

position regarding trust deeds for registered pension funds.

It should be noted that where a trust deed is entered into and

it exists separately from the rules of the pension fund, legally

it still forms part of the rules of the fund and as such it must

be registered by this office.

It is therefore requested that in respect of an application for

the registration of a fund, where a trust deed is not

incorporated into the rules of the fund, the trust deed should

be submitted in duplicate to be registered. If a trust deed is

not submitted together with an application for registration,

reasons for its absence should be furnished.

Any existing pension fund which has a trust deed separate from

its rules and which has not been submitted to this office, must

submit the said deed for registration. Two certified copies

should be submitted, one of which will be returned to the

fund/insurer, duly endorsed and registered. The registration of

a trust deed for any existing fund will be done at no cost to the

pension fund.

Yours faithfully

V
REGISTRAR OF PENSION FUNDS
(Sien keersy vir Afrikaans)

Uemers rhe ~omun~tc ~r ~usticeo A uo,amet (cbimun or AS ~.cobr(oe uty aul-n) P J eaaenmnt (~recutlreoniser) R A Nanon I B Siorana 0 J Matso or C J asward, Pmf W L Houlan bJ J nn der Walt LA F H nn Wouw J U Coomlly R C Anderaen