Regulatory Alerts2023-12-21
FSCA Communication 36 of 2023 Exemption for Large Funds from Prescribed Financial Statement Audit Report Formats
The Financial Sector Conduct Authority has exempted Large Funds from completing Schedule D and Schedule IB1 of Board Notice 77 when preparing financial statements under the Pension Funds Act. This exemption permits these funds to substitute the prescribed formats with updated Independent Regulatory Boards for Auditors reports and a new Regulation 28 Assurance Report. The measure resolves reporting misalignments regarding infrastructure assets and remains valid until the finalization of a new Prudential Standard.
Share