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2022-09-30

FSCA Communication 27 of 2022 (RF): Determination of Document Formats for Pension Fund Contributions

The Financial Sector Conduct Authority published FSCA Communication 27 of 2022 to formally determine the required formats for key pension fund contribution documents. This determination standardizes templates for employer-pension fund notifications, contravention reports submitted to the FSCA, and those directed to the South African Police Services. By enforcing these formats under Conduct Standard 1 of 2022, the regulator ensures consistent compliance and streamlined administrative reporting for all pension fund stakeholders.

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FSCA COMMUNICATION 27 OF 2022 (RF) PUBLICATION OF DETERMINATION OF FORMAT OF DOCUMENTS IN RESPECT OF REQUIREMENTS RELATED TO THE PAYMENT OF PENSION FUND CONTRIBUTIONS

  1. PURPOSE The purpose of this Communication is to inform stakeholders that today the Financial Sector Conduct Authority (FSCA) published FSCA RF Notice 14 of 2022: Determination of format of documents in respect of requirements related to the payment of pension fund contributions (Determination).
  2. BACKGROUND 2.1 On 19 August 2022, the FSCA published Conduct Standard 1 of 2022 (RF): Requirements related to the payment of pension fund contributions (Conduct Standard). 2.2 The Conduct Standard empowers the FSCA to determine the format in respect of certain notifications and reports required in terms of the Conduct Standard. These include: • Notification to and request from employer by pension fund (paragraph 2(2) of the Conduct Standard); • Reporting of contraventions to the Financial Sector Conduct (paragraph 4(3)(c) of the Conduct Standard); and • Reporting contraventions to the South African Police Services (paragraph 4(4)(a) of the Conduct Standard). 2.3 The purpose of the Determination that was published is therefore to determine the formats for the abovementioned notifications and reports.
  3. ENQUIRIES 3.1 The documents referred to in paragraph 1 are available on the FSCA’s website at www.fsca.co.za. 3.2 For more information regarding the Determination and/or this Communication please contact the FSCA’s Regulatory Framework Department at marianne.vanrooyen@fsca.co.za. UNATHI KAMLANA COMMISSIONER FINANCIAL SECTOR CONDUCT AUTHORITY Date of publication: 30 September 2022
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