Regulatory Alerts2025-02-04
FSCA Communication 1 of 2025 (RF): Withdrawal of Directive 157.A.i and Pension Fund Notice 2 of 2014
The Financial Sector Conduct Authority (FSCA) formally withdraws Directive 157.A.i and Pension Fund Notice 2 of 2014 via FSCA RF Notice 1 of 2025. These instruments became obsolete after July 2022 amendments to Regulation 28 replaced the original audit certificate requirements with new infrastructure asset rules effective January 2023. The withdrawal establishes legal certainty regarding their non-applicability and confirms that pension funds are no longer bound by the outdated guaranteed benefits guidance and compliance exemptions.
Share