166-19 Explanatory Memorandum on the Draft Regulation 28 That Gives Effect to Section 36(1)(Bb) of the Pension Funds Act 1956, 2010

Summary

The draft Regulation 28 gives effect to Section 36(1)(bB) of the Pension Funds Act 1956, which provides that the Minister of Finance may make regulations limiting the amount and the extent to which a pension fund may invest in particular assets or in particular kinds or categories of assets, prescribing the basis on which the limit shall be determined and defining the kinds or categories of assets to which the limit applies.

Explanatory Memorandum on the Draft Regulation 28 That Gives Effect to Section 36(1)(Bb) of the Pension Funds Act 1956, 2010

Issuer

South Africa

Year

2010

Region

Africa

Issuer (type)

National Treasury (Government)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Accommodation & Food

Restrictiveness

Moderate

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 16: Peace, Justice, and Strong Institutions