Regulatory Alerts2020-09-23
FSCA Communication 48 of 2020 (CIS): Impact of COVID-19 on Approval of Supplemental Deeds
The Financial Sector Conduct Authority (FSCA) has extended its temporary lockdown-era process for approving supplemental deeds to collective investment schemes, allowing managers and trustees to continue using authenticated electronic signatures without physical stamping. This streamlined approach records approvals directly in the Authority's correspondence letters, eliminating the need for original stamped documents while maintaining compliance with the Electronic Communications and Transactions Act. Managers must ensure signatories have reviewed and agreed to all document contents, and the current electronic submission framework will remain in effect until further notice.
Share