S.L. 16.18 Art. 5Foundations established prior to 30th June 2019.

(1) Where a foundation has been established prior to

30th June 2019, irrespective of whether this is registered or not with the

Registrar for Legal Persons in terms of the Second Schedule or applicable regulations, there shall be delivered to the Registrar for th Legal Persons by 30 June, 2019, a declaration, in the prescribed form, signed by one of the administrators of the foundation, containing adequate, accurate and up-to-date information in accordance with regulation 4 with respect to all the beneficial owners of the foundation. Where the administrator is a body corporate, such declaration shall be signed by one director thereof:

Provided that if the foundation is not registered with the Registrar for Legal Persons in terms of the Second Schedule or applicable regulations, there shall also be delivered to the Registrar for Legal Persons by the aforementioned date, together with the aforementioned declaration, an authenticated copy of the deed and statute of the foundation.

(2) A foundation referred to in this regulation shall not be registered, if the foundation is not yet registered, and, in any case, all relative forms and documents shall not be registered in accordance with the Second Schedule and any applicable regulations, unless the Registrar for Legal Persons is satisfied that the requirements of this regulation have also been complied with.