Regulatory Alerts2019-06-03
Information Circular PF No 1 of 2018: Reporting and Protected Disclosures under the Pension Funds Act
The Financial Services Board clarifies reporting obligations and protected disclosure procedures for retirement fund officials under the Pension Funds Act, 1956. It mandates that board members, principal officers, auditors, valuators, and administrators submit written reports to the Registrar within 21 days of termination or immediately upon identifying matters that may prejudice the fund or its members. The circular outlines approved submission channels, permits anonymous or identified disclosures, and requires explicit section 9B designation to trigger statutory confidentiality protections.
Share