Regulatory Alerts2021-10-07
Regulation No. 40 of 2021 on Pension Scheme Registration and Service Provider Licensing
The National Bank of Rwanda issued Regulation No. 40 of 2021 to establish comprehensive requirements for registering voluntary and mandatory pension schemes and licensing their service providers. The regulation mandates that trustees, administrators, investment managers, and custodians obtain specific approvals based on fit-and-proper criteria while adhering to strict governance, reporting, and annual fee obligations. It further prohibits unregistered entities from operating in Rwanda and outlines standardized procedures for scheme winding up, structural changes, and transitional compliance.
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