Regulatory Alerts2025-01-31
PFR8 – Suitability of Retirement Fund Investments 2024
The Non-Bank Financial Institutions Regulatory Authority requires all licensed retirement funds in Botswana to secure an actuary’s certification verifying that their asset structures align with prescribed investment strategies. The rule mandates submission at licensing and upon strategy changes, detailing specific assessment criteria for defined benefit and contribution funds. Failure to comply triggers civil penalties under the NBFIRA Act 2023.
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