Regulatory Alerts2021-05-28
FSCA Draft Exemption of Collective Investment Scheme Managers from Electronic Signature Requirements
The Financial Sector Conduct Authority has published a draft exemption relieving Collective Investment Scheme managers from the mandatory Advanced Electronic Signature requirement for electronic applications under Board Notice 92 of 2014. This regulatory adjustment addresses technical compliance burdens under the Electronic Communications and Transactions Act while promoting financial inclusion through streamlined digital transactions. The FSCA invites stakeholder comments on the proposed exemption by 30 June 2021, with conditions ensuring continued investor protection and alignment with the Collective Investment Schemes Control Act.
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