Regulatory Alerts2026-01-01
Pensions (Superannuation Funds and Retirement Schemes) (Investment) (Amendment) Regulations 2019
The Financial Services Commission of Jamaica issued these regulations to amend the principal investment regulations for pension funds and retirement schemes. The amendments introduce new definitions, impose stricter fiduciary duties on trustees and investment managers, and update permissible investment limits, including allowances for private company equities and foreign assets. Additionally, the rules prohibit short selling and speculative investments while establishing specific caps on leases and unsecured obligations to ensure prudent asset management.
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