Regulatory Alerts2023-01-31
FSCA Communication 3 of 2023 Exemption of Retirement Funds from Board Notice 75 Conditions
The Financial Sector Conduct Authority (FSCA) published final notice RF Notice 5 of 2023 to exempt qualifying retirement funds from specific conditions in Board Notice 75 of 2009. This exemption enables these funds to satisfy Section 28 of the Pension Funds Act, 1956 without meeting paragraphs 9.2(a) and 9.2(b). Applicant funds must submit Form D alongside a cover letter confirming reliance on the exemption, incorporating minor drafting adjustments based on stakeholder feedback.
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