Regulatory Alerts2023-05-11
FSCA Conduct Standard 1 of 2023: Conditions for Pension Fund Investment in Derivatives
The Financial Sector Conduct Authority (FSCA) has published Conduct Standard 1 of 2023 to establish regulatory conditions for pension funds investing in derivative instruments. The standard addresses inherent counterparty and liquidity risks by mandating enhanced transparency and prudent portfolio management practices to safeguard market integrity. Following a concluded consultation process under the Financial Sector Regulation Act, 2017, the final standard will become operational twelve months after its May 2023 publication.
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