Regulatory Alerts2022-09-01
Regulation No 53/2022 Establishing Operational Requirements for Pension and Long-Term Saving Schemes
The National Bank of Rwanda issued Regulation No 53/2022 to establish comprehensive operational and governance requirements for voluntary, mandatory, and long-term saving pension schemes. The regulation mandates governing bodies to formulate funding and investment policies, maintain adequate technical reserves, and ensure timely benefit payments while overseeing service providers. It further standardizes financial reporting, investment restrictions, surplus utilization, and member disclosures to enhance scheme stability and transparency.
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