FURTHER RESTRICTIONS ON PENSION FUNDS INVESTMENT EXPOSURE

Thursday, May 17, 2012
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National Treasury has published a draft Bill, the Financial Services Laws General Amendment Bill 2012 (“draft Bill”), for comment. The draft Bill amends various pieces of legislation including the Financial Services Board Act, Financial Advisory and Intermediary Services Act, Collective Investment Schemes Control Act, Financial Services Laws General Amendment Act, 1998 and of particular relevance to the private equity industry are the amendments to the Pension Funds Act.

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