Regulatory Alerts2026-01-01
Pensions (Superannuation Funds and Retirement Schemes) (Investment) Regulations, 2006
Issued by Jamaica's Financial Services Commission, these regulations establish comprehensive investment rules and fiduciary duties for approved superannuation funds and retirement schemes. Trustees and investment managers must maintain a written statement of investment policies, adhere to a five percent concentration limit on single-issuer exposures, and restrict investments to eligible assets such as government securities, rated corporate bonds, listed shares, and secured loans. The framework mandates fair-value asset valuation, requires prior Commission approval for acquisitions exceeding thirty percent voting control, and strictly regulates real property holdings, related-party transactions, and insurance obligations to safeguard scheme assets.