Regulatory Alerts2025-07-14
FSCA Retail Funds Exemption Notice 8 of 2025 on Amalgamations and Transfers
The Financial Sector Conduct Authority issued Notice 8 of 2025 to exempt retail retirement and preservation funds from Section 14(1) of the Pension Funds Act regarding amalgamations and individual member transfers. The exemption permits qualifying funds to bypass formal scheme submissions while mandating strict compliance with record-keeping, fund rules, certified transfer forms, and a mandatory 180-day asset transfer window. By removing direct references to Section 14(8) and the FSRA Conduct Standard from the legal notice, the Authority streamlines administrative processing without relieving trustees of their oversight responsibilities.
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