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This Site: Legal Matters
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Exchange Control and Offshore Operations
Exchange control and offshore operations
Forex regulations
Why are we now being asked to sign this quarterly report? It was never a requirement before.
How can we possibly sign this quarterly report blind without knowing the underlying asset composition?
Can Liberty Corporate Benefits sign on the Trustees' behalf?
Previously we had the impression that any fund could exceed the 15% limitation in the Foreign Exchange regulations so long as the fund was invested in policies of insurance (or other pooled investments such as unit trusts) as the insurer only had to balance to this limit as a whole for its entire book. How has this changed?
Historically, there was a differentiation between policies that had guarantees and those that did not in that the policies of the former type were excluded from the balancing exercise and the latter were not. What has changed?
What will happen if I do not sign or refuse to sign the quarterly reports?
Who will pay if there are penalties?
Can I ignore the June quarterly report now that you are about to send out the September report?
My client's fund has just been terminated, is paid up or a section 14 transfer is about to take place. Do the quarterly reports have to be completed for these funds?
What must I do if my fund is over the 15% limit?
Is it the intention to eventually enforce the 15% limit at the level of each individual member?
Is there a time period to achieve the 15% limit?
What is the procedure for new elections and new switching in the future?
How do I know what the dealer number is?
Umbrella funds
My fund participates in an umbrella scheme, what is the position?
Can I have a copy of the consolidated report sent for Liberty's umbrella funds (Corporate Selection Retirement Fund and the Corporate Selection Pension Fund) and Liberty Quantum's umbrella funds (Amalgam Defined Contribution Pension Fund, Amalgam Defined Contribution Provident Fund, Amalgam Defined Benefit Pension Fund, Amalgam Defined Benefit Provident Fund, Amalgam Investment Choice Pension Fund and Amalgam Investment Choice Provident Fund)?
My participation is well below the 15% limit. Why should I be penalised because others have exceeded it?
My client is planning to participate in an umbrella fund. Why should they be subject to the 15% limit?
How long will it take for Liberty's and Liberty Quantum's umbrella funds to comply?
Liberty Group Limited - an Authorised Financial Service Provider in terms of the FAIS Act (Licence no 2409)
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