Regulatory Alerts2020-10-07
FSCA Draft Conduct Standard on Securities Lending Conditions for Pension Funds
The Financial Sector Conduct Authority published a draft Conduct Standard establishing overarching principles and specific conditions for securities lending by pension funds. The standard mandates clear guidelines for delegating administration to service providers, incorporates a formal definition of licensed exchanges under the Financial Markets Act, and applies uniformly to both local and offshore securities. Stakeholders may review the draft standard, supporting statement, and comments template on the FSCA website to provide feedback prior to finalization.
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