Regulatory Alerts2022-03-18
FSCA Communication 7 of 2022 Withdrawal of Request for Information 2 of 2022
The Financial Sector Conduct Authority (FSCA) has withdrawn its Request for Information 2 of 2022 and Communication 6 of 2022 due to the use of outdated annexures. The original March directives required retirement funds and administrators to collect and continuously report data on unclaimed benefits and paid-up member accounts. The Authority apologizes for the resulting inconvenience and directs industry stakeholders to contact its Retirement Funds Supervision division for clarification.
1 FSCA COMMUNICATION 7 OF 2022 (RF) Withdrawal of FSCA Request for Information 2 of 2022 (RF)
- Purpose The purpose of this communication is to inform the retirement fund industry that the Financial Sector Conduct Authority (“Authority”) withdraws FSCA Request for Information 2 of 2022 (RF) (“Information Request”) and FSCA Communication 6 of 2022 (“Communication”).
- Background On 7 March 2022, the Authority published the Information Request and Communication to: 2.1 obtain the necessary and relevant up-to-date information from all retirement funds and administrators relating to unclaimed benefits and benefits of paid-up members; and 2.2 request all retirement funds and administrators to, on an ongoing basis provide the requisite information relating to unclaimed benefits and benefits of paid-up members.
- Withdrawal The Authority hereby withdraws the Information Request and Communication due to old versions of the annexures used. The Authority apologises for any inconvenience caused.
- Enquiries For more information regarding this Communication contact the FSCA by emailing Retshedisitswe Mokoena at Retshedisitswe.Mokoena@fsca.co.za OB MAKHUBELA DIVISIONAL EXECUTIVE: RETIREMENT FUNDS SUPERVISION Date of publication: 18 March 2022
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