Regulatory Alerts2022-02-15
FSCA Submission of Draft Conduct Standard on Payment of Pension Fund Contributions
The Financial Sector Conduct Authority submitted a draft Conduct Standard to Parliament establishing mandatory requirements for pension fund contribution payments. Lodged under section 103(1) of the Financial Sector Regulation Act on 8 December 2021, the filing comprises a supporting statement and consultation report to enforce compliance across regulated entities. The complete documentation is publicly accessible on the FSCA website, with direct inquiries directed to the Regulatory Framework Department.
FSCA COMMUNICATION 2 OF 2022 (RF) Submission to Parliament of draft Conduct Standard on Requirements Related to the Payment of Pension Fund Contributions
- The purpose of this Communication is to inform stakeholders that on 8 December 2021, the following draft Conduct Standard and supporting documents were submitted to Parliament in terms of section 103(1) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) (FSR Act): • Conduct Standard - Requirements Related to the Payment of Pension Fund Contributions (Conduct Standard); • Statement supporting the Conduct Standard; and • Consultation report on the Conduct Standard.
- The documents referred to in paragraph 1 are available on the FSCA’s website at www.fsca.co.za.
- For more information regarding the draft Conduct Standard and/or this Communication please contact the Regulatory Framework Department of the Authority at andile.mjadu@fsca.co.za. KATHERINE GIBSON DEPUTY COMMISSIONER FINANCIAL SECTOR CONDUCT AUTHORITY Date of publication: 15 February 2022
Share