Pension Funds Act, 1956 (Act No. 24 of 1956)Chapter III : Manner of Administration and Powers of Registered Funds9A. Appointment of a valuator |
| (1) | Every registered fund which in terms of section 16 is required to have its financial condition investigated and reported upon by a valuator, shall appoint a valuator. |
| (2) | 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 this section. |
[Section 9A(2) amended by section 14(a) of Act No. 45 of 2013]
| (3) | 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 this Act, the fund shall appoint another person to be its valuator within such period as prescribed. |
[Section 9A(3) amended by section 14(b) of Act No. 45 of 2013]