Regulatory Alerts2019-11-12
FSCA Communication 6 of 2019 (PFA): Draft Interpretation Ruling on Section 37C of the Pension Funds Act
The Financial Sector Conduct Authority (FSCA) has published a draft Interpretation Ruling seeking public comment on the application of section 37C of the Pension Funds Act. This ruling resolves inconsistencies regarding paid-up members to guarantee legal certainty and consistent fund administration. Stakeholders must submit written feedback using the official template by 13 December 2019 to finalize the binding interpretation.
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