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Pension Funds Act, 1956 (Act No 24 of 1956)

Board Notices

Prescribed Financial Statements Applicable to the Different Categories of Funds

3. Financial statements

 

(1) A fund must prepare its financial statements in accordance with the Regulatory Reporting Requirements for Retirement Funds as prescribed by Board Notice 14 in Government Gazette 31838 of 4 February 2009.

 

(2) The format of the financial statements are prescribed per the following categories—
(a) Large Funds are funds with total assets exceeding R50 000 000;
(b) Small Funds are funds with total assets of more than R6 000 000, but not exceeding R50 000 000;
(c) Audit Exempt Funds are funds with total assets less than R6 000 000.

 

(3) A fund must submit the following in respect of its particular category—

 

Large funds

Schedule


A

Regulatory information

B

Statement of responsibility by the Board of Fund

C

Statement of responsibility by the principal officer

D1

Report of the independent auditors

E

Report of the Board of Fund

F

Statement of net assets and funds

G

Statement of changes in net assets and funds

HA

Notes to the financial statements

HB

Report of the valuator

I1

Report of the independent auditors of factual findings to the Registrar of Pension; or

I3

Report of the independent auditors of factual findings to the Registrar of Pension Funds (umbrella funds); or

I4

Report of the independent auditors of factual findings to the Registrar of Pension Funds (Retirement Annuity and Preservation funds)

IA

Investment schedule pertaining to annual financial Statements

IB

Assets held in compliance with Regulation 28

IB1

Report of the independent auditors on compliance with regulation 28 to the Registrar of Pension Funds

 

 

Small funds

Schedule


A

Regulatory information

B

Statement of responsibility by the Board of Fund

C

Statement of responsibility by the principal officer

E

Report of the Board of Fund

F

Statement of net assets and funds

G

Statement of changes in net assets and funds

HA

Notes to the financial statements

HB

Report of the valuator

I2

Report of the independent auditors of factual findings to the Registrar of Pension Funds (ordinary funds); or

I3

Report of the independent auditors of factual findings to the Registrar of Pension Funds (umbrella funds); or

I4

Report of the independent auditors of factual findings to the Registrar of Pension Funds (Retirement Annuity and Preservation funds)

IA

Investment schedule pertaining to annual financial Statements

IB

Assets held in compliance with Regulation 28

 

 

Audit exempt funds

Schedule


A

Regulatory information

B

Statement of responsibility by the Board of Fund

C

Statement of responsibility by the principal officer

E

Report of the Board of Fund

F

Statement of net assets and funds

G

Statement of changes in net assets and funds

HA

Notes to the financial statements

HB

Report of the valuator

I5

Report of the Board of Fund to the Registrar of Pension Funds in terms of section 15 of the Pension Funds Act

IA

Schedule pertaining to annual financial Statements

IB

Assets held in compliance with Regulation 28

 

 


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