Regulatory Alerts2019-06-14
FSCA Communication 1 of 2019 (PFA)
The Financial Sector Conduct Authority issued Guidance Notice No. 1 of 2019 to direct retirement fund boards on integrating environmental, social, and governance factors into their investment policy statements. The notice operationalizes Regulation 28 of the Pension Funds Act by requiring boards to explicitly address sustainability in their investment philosophy and outlining specific disclosure and reporting expectations. Converting a prior draft directive into flexible guidance, the FSCA aims to harmonize cross-sector sustainability standards and enhance transparency for fund members amid evolving global climate frameworks.
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