Regulatory Alerts2025-04-15
Guidelines for Registration of Restricted Pension Funds and Licensing of Trustees and Principal Officers
The Reserve Bank of Malawi has issued these guidelines to establish clear registration pathways for stand-alone, self-administered, and pooled restricted pension funds while mandating licensing for individual, corporate, and principal officers. The framework sets specific asset thresholds—K1 billion, K2.5 billion, and K100 million respectively—and outlines comprehensive application procedures, required documentation, and fit-and-proper criteria for all applicants. Trustees must ensure full compliance with the Pension Act and Financial Services Act, submit complete licensing applications through designated forms, and either secure registration or arrange alternative membership under an unrestricted fund if requirements are unmet.
Share