Regulatory Alerts2024-04-02
FSCA Prudential Standard 1 of 2024 on Regulation 28 Quarterly Reporting Requirements for Pension Funds
The Financial Sector Conduct Authority published Prudential Standard 1 of 2024 to align pension fund quarterly reporting requirements with the July 2022 amendments to Regulation 28 asset spreading rules. The standard establishes high-level reporting obligations for non-compliance while granting the Authority flexibility to specify reporting formats through a separate notice. It comes into operation immediately upon publication on 2 April 2024, ensuring continued protection of retirement fund member savings through accurate and timely regulatory disclosures.
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