Exchange Control

What is D403 & D427?

They are exchange control circulars issued by the South African Reserve Bank, effective from 1 August 2003 and 1 April 2004, respectively. These circulars place specific limits on foreign investments done by Institutions and also put specific reporting requirements, both to the SARB and other Institutions, in place.

How am I impacted?




What do i need to do and by when?

Institution

  • Submit Quarterly D403 Report to SARB - within 3 months after quarter-end
  • Managing Institutions to provide Split Percentage Asset Allocation Report per fund to Originating Institutional Clients, within 4 weeks after quarter-end

Intermediary

  • Provide Managing Institutions with quarterly Retail Institutional split percentage per fund

Retail Investor

  • No action required

What will STANLIB do and and by when?

STANLIB will provide the Split Percentage Asset Allocation Report per fund to all CIS Managers and all Institutional Clients, within 4 weeks after quarter-end.

Contact Details

Physical address: 17 Melrose Boulevard,
Melrose Arch,
2196
Postal address: PO Box 202,
Melrose Arch,
2076
Telephone: 0860 123 003 (SA only) or
+27 (0)11 448 6000
Email: contact@stanlib.com


For any further queries please contact:

Email: contact@stanlib.com
Contact our call centre on: 0860 123 003