Regulatory Alerts2019-06-03
Workshop Programme and Guidance for Trustees
The FSCA issued this workshop programme and guidance document to outline key regulatory expectations for retirement fund trustees. It details specific statutory obligations, including sections 7A through 7F and 26(2) of the Retirement Funds Act, alongside requirements for fund rules, financial statements, and section 13A compliance. The agenda further addresses Directive 8, whistleblowing protocols, enforcement actions, and default regulations to strengthen trustee conduct and fund governance.
GUIDANCE FOR TRUSTEES 27 May 2019 FSCA, Block B, Riverwalk Office Park, 41 Matroosberg Road, Ashlea Gardens, Pretoria 08:15 – 08:45 REGISTRATION 08:45 – 09:00 Welcome & Announcements Corlia Buitendag Conduct Supervision 09:00 – 09:30 Opening Address Olano Makhubela Divisional Executive: Retirement Funds Supervision Division 09:30 – 10:30 Roles and Responsibilities of Trustees – sections 7A, 7B, 7C, 7D, 7E, 7F and 26(2) Cor Potgieter Section 26(2) / Independent Trustee 10:30 – 11:00 TEA 11:00 – 11:45 Rules of a Pension Fund Mpho Mokoena and Yolanda Magengenene Reviews and Authorisations 11:45 – 12:30 Financial Statements Wilma Mokupo Prudential Supervision 12:30 – 13:15 Section 13A and Regulation 33 Takalani Lukhaimane and Sanele Magazi Conduct Supervision 13:15 – 14:15 LUNCH 14:15 – 15:00 Directive 8, Whistleblowing and Enforcement Actions Tebogo Ramushu and Carlo da Gama Conduct Supervision and Fund Governance & Trustee Conduct 15:00 – 15:45 Default Regulations Naheem Essop Fund Governance & Trustee Conduct 15:45 – 15:50 Close & Vote of Thanks Corlia Buitendag Conduct Supervision