Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Financial Services Board Act, 1990 (Act No. 97 of 1990)NoticesLevies for Financial Institutions, 202011. Levy on foreign collective investment schemes |
| (1) | The levy, in respect of foreign collective investment schemes approved in terms of section 65 of the Collective Investment Schemes Control Act, is payable in four quarterly instalments, with each instalment consisting of— |
| (a) | an amount of R11 942, in respect of each scheme; |
| (b) | an amount of R6 477, in respect of each portfolio, fund or sub-scheme; and |
| (c) | 0,00031231% of the net amount of assets managed on behalf of South African investors. |
| (2) | The levy is payable in four quarterly instalments on or before 30 September, 31 October, 31 December and 31 March of the levy year. The amounts are calculated on the basis of statistics as at the end of the preceding quarter, which statistics must be furnished to the Authority within 30 days after the end of such quarter. |
| (3) | For the purposes of subparagraph (2), the statistics to be furnished to the Authority must contain details of all sales and redemptions or buy-backs in South Africa. |
| (4) | Levies are payable in respect of all months falling within any relevant quarter. |
