Regulatory Alerts2024-07-19
FSCA Communication 24 of 2024 (RF) Extension of Submission Period for Two-Component System Rule Amendments
The Financial Sector Conduct Authority extends the submission deadline for Two-Component System rule amendments from 15 July to 31 July 2024. This extension addresses industry challenges, such as board meeting scheduling, after only thirty percent of anticipated submissions were received. Amendments lodged after the new deadline will be processed normally, remain legally invalid until registered, and require funds to manage compliance risks and member communications.
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