Regulatory Alerts2024-05-08
FSCA Communication 18 of 2024 – Amendments to Conduct Standard 1 for Pension Fund Amalgamations and Transfers
The Financial Sector Conduct Authority (FSCA) published draft amendments to its Pension Funds Conduct Standard 1 of 2019 to streamline pension fund amalgamations and transfers. The proposed changes remove prescribed application forms from the standard, empowering the FSCA to determine their content and format via website notices in preparation for the September 2024 Two-Pot system implementation. Stakeholders are invited to submit written comments on the draft amendments by 19 June 2024.
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