Board Notice 154 of 2014

FINANCIAL SERVICES BOARD

SECTION 9A - APPOINTMENT OF A VALUATOR

Section 9A of the Pension Funds Act, 1956 (`PFA') was amended by the Financial Services Laws General Amendment Act, 2013 and came into operation with effect from 28 February 2014.

In terms of section 9A(2) of the PFA the provisions of section 8, excluding the provisions of subsections (1) and (2), apply with the necessary changes to the appointment of a valuator under section 9A.

To comply with section 9A, read with section 8(3), with the changes required by the context, every fund that is not valuation exempt must:

give the registrar written notice of the appointment and such other information in relation to the valuator and the terms on which he or she has been appointed as the registrar may have prescribed by notice on the website of the Financial Services Board (www.fsb.co.za).

Further, in terms of section 9A(3) of the PFA, the valuator of a registered fund must be a natural person who is resident in the Republic and if the valuator resigns the appointment or is unable for any reason to discharge any duty imposed upon a valuator by any provision of the PFA, the fund must appoint another person to be its valuator within such period as prescribed.

I, Dube Phineas Tshidi, registrar of pension funds, by this notice and with effect from the date of publication of this notice in the Government Gazette, prescribe the particulars relevant to the appointment of a valuator to a fund as required by section 9A of the PFA as set out in the Schedule and Annexures.

DP TSHIDI

REGISTRAR OF PENSION FUNDS

10 DECEMBER 2014