Regulatory Alerts2020-02-28
FSCA Further Extension of Compliance Period for Funds Under Regulation 38
The Financial Sector Conduct Authority (FSCA) has further extended the compliance deadline for funds seeking to amend their rules under Regulation 38 of the Pension Funds Act, 1956. This extension moves the deadline from 29 February 2020 to 30 April 2020 to accommodate the pending finalization of an Interpretation Ruling regarding section 37C. Funds that have already submitted rule amendment applications must adhere to this new timeline while the regulatory guidance is finalized.
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