Regulatory Alerts2023-07-19
FSCA Communication 19 of 2023 (RF)
Issued by the Financial Sector Conduct Authority (FSCA), this communication provides Schedule IB, a standardized template and framework for calculating and reporting assets held in compliance with Regulation 28 of the Pension Funds Act. It specifies quantitative limits for domestic and foreign investments across categories such as cash, debt instruments, equities, immovable property, commodities, and hedge or private equity funds. The document also establishes breach thresholds for non-listed assets and outlines the exemption tracking process to ensure adherence to South African Reserve Bank counter-party exposure requirements.
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