| (1) |
A product provider must, at least one month prior to advertising or allowing the members of the public to invest in a tax free investment, submit to the Registrar as contemplated in section 12T(9) of the Income Tax Act— |
| (a) |
the date from which the tax free investment will be advertised or members of the public will be allowed too invest therein; |
| (b) |
the name of the tax free investment; |
| (c) |
the nature of the tax free investment; |
| (d) |
the legislation under which the tax free investment will be issued together with a confirmation that the tax free investment meets any requirements of that legislation; and |
| (e) |
a summary of the benefits, terms and conditions and marketing material of the tax free investment. |
| (2) |
If any date as contemplated in subregulation (1)(a), name as contemplated in subregulation (1)(b), nature as contemplated in subregulation (1)(c), legislation or confirmation as contemplated in subregulation (1)(d), benefits, terms, condition or marketing material as contemplated in subregulation (1)(e) is altered after the date contemplated in subregulation (1), the product provider must submit to the Registrar as contemplated in section 12T(9), of the Income Tax Act, the particulars of that alteration at least one month prior to the date on which that alteration takes effect. |
[Regulation 18 inserted by regulation 12 of Notice No. R. 309, GG 40758, dated 31 March 2017]
Eskom Conversion Act, 2001
