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Chief Registrar's Circular 09/2016

21 July 2016

TERMINATION OF THE COLLECTIVE INVESTMENT SCHEME ADMINISTERED BY BLUE BOND INVESTMENTS LIMITED (BONDS REGISTERED PRIOR TO 1 MAY 2002)

1. TERMINATION OF THE COLLECTIVE INVESTMENT SCHEME IN PARTICIPATION BONDS ADMINISTERED BY BLUE BOND INVESTMENTS LIMITED AND CESSION OF PARTICIPATION BONDS TO THE STANDARD BANK OF SOUTH AFRICA LIMITED (BONDS REGISTERED PRIOR TO 1 MAY 2002)

1.1 The Collective Investment Scheme in Participation Bonds administered by Blue Bond Investments Limited (Registration Number 1969/012081106) ('Scheme 1'), consisting of bonds registered prior to 1 May 2002, has been terminated in terms of section 102 of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002), with effect from 30 June 2016.

1.2 All the Participation Bonds affected by the termination of Scheme 1 are vested in the name of Blue Bond Financial Nominees Proprietary Limited (Registration Number 1970/008155/07), as the nominee for and representative of the investors in Scheme 1.

1.3 All the Participation Bonds affected by the termination of Scheme 1 must be ceded to The Standard Bank of South Africa Limited (Registration Number 1962/000738106), in terms of section 102 of Act No. 45 of 2002, or must be cancelled.

1.4 Examiners are reminded of the change of name concerning the Nominee and Scheme as dealt with in CRC's 2 and 3 of 2004 (see CRC 2 of 2004 regarding the change of name of Standard Bank Financial Nominees Proprietary Limited to Blue Bond Financial Nominees Proprietary Limited, and CRC 3 of 2004 regarding the change of name of Standard Bank Bond Investments Limited to Blue Bond Investments Limited).

1.5 The enclosed documentation regarding the termination of Scheme 1 and the mandate of the Registrar of Collective Investment Schemes for the cession of the bonds to The Standard Bank of South Africa Limited as sole participant, must be filed under BC No. 9 of 2016 in all deeds registries.

2. NOTING OF CAVEAT REGARDING TERMINATION OF SCHEME 1 AND SIMULTANEOUS CESSION OF BONDS

All deeds registries must note a caveat against the name of Blue Bond Financial Nominees Proprietary Limited (Registration Number 1970/008155/07), to the effect that all the relevant bonds in Scheme 1 must (whenever lodged in the deeds registry for whatever purpose):

2.1.1. be endorsed to:

2.1.1.1. indicate the termination of Scheme 1 (section 3(1)(v) application); and

2.1.1.2. provide for the simultaneous cession of the bonds to the Standard Bank of South Africa Limited.

or

2.1.2. be cancelled.

2.2 The caveat must provide that the relevant bond, if it is to be endorsed and ceded, must be accompanied by:

2.2.1. Section 3(1)(v) application:

An application (per bond) in terms of section 3(1)(v) of Act No. 47 of 1937, for purposes of its endorsement to indicate the termination of Scheme 1. The said application must be drafted in the format of Annexure A and must make reference to the filing of the relevant documentation under BC No. 9 of 2016.

• The conveyancer must provide a separate blank page to be inserted at the back of each such bond, which page must contain the following endorsement:

 

BC

Endorsement in terms of section 3(1)(v) of the Deeds Registries Act, 1937 (Act No. 47 of 1937):

The Collective Investment Scheme in Participation Bonds administered by Blue Bond Investments Limited (Registration Number 1969/012081106), (bonds registered prior 1 May 2002), has been terminated in terms of section 102 of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002), with effect from 30 June 2016.

See documentation filed under BC No. 9 of 2016

DATE                                                                              REGISTRAR OF DEEDS

 

2.2.2. CESSION OF BONDS
There must be lodged, simultaneously with the application in terms of section 3(1)(v) (see par. 2.2.1), a cession (per bond) to The Standard Bank of South Africa Limited. The said cession must be drafted in the format of Annexure B.

• The page provided for the section 3(1)(v) endorsement (see par. 2.2.1) must also contain the following endorsement:

 

___________________________________________________

        CEDED TO:                                    GESEDEER AAN:

THE STANDARD BANK OF SOUTH AFRICA LIMITED
(REGISTRATION NUMBER 1962/000738106)

B C                

 REGISTRAR OF DEEDS / REGISTRATEUR VAN ΑΚΤΕS

 

2.3. The caveat must also provide that the relevant bond, if it is to be cancelled, must be accompanied by consent to cancellation, drafted according to Form MM.

3. OFFICE FEES

Office fees are payable in respect of endorsements referred to in par. 2.2.1 and par. 2.2.2 and the cancellations referred to at par. 2.3.

Chief Registrar's Circular No. 9 of 2016

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