Regulatory Alerts2022-06-03
FSCA Exemption of Collective Investment Scheme Managers from Certain Board Notice 92 Requirements
The Financial Sector Conduct Authority exempts Collective Investment Scheme managers from the mandatory advanced electronic signature requirement for electronically submitted applications under Board Notice 92 of 2014. This change resolves technical compliance barriers for electronic transactions while preserving investor protections and promoting financial inclusion. The FSCA imposed specific conditions on the exemption to ensure that electronic contracting remains secure and aligns with statutory objectives.
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