Regulatory Alerts2018-01-01
Financial Services (Submission of Information Relating to the Business of Pension Funds) Directive 2018
The Registrar of Financial Institutions in Malawi issued this Directive to establish supervisory reporting standards and ensure the timely submission of accurate electronic call reports by pension entities. The regulation mandates quarterly and annual submissions of financial data, member profiles, and management details using prescribed formats, while holding trustees accountable for data accuracy and internal controls. Non-compliance triggers significant monetary penalties ranging from K2,000,000 to K10,000,000, alongside additional administrative directions and daily fines for continued violations.
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