Regulatory Alerts2025-04-17
FSCA Draft S14(1) Exemption for Retail Fund Amalgamations and Transfers
The Financial Sector Conduct Authority (FSCA) published a draft notice proposing to exempt retail retirement and preservation funds from the standard amalgamation and transfer requirements under section 14(1) of the Pension Funds Act, 1956. This exemption acknowledges that retail fund transactions are typically voluntary, member-initiated, and individually advised, making the full statutory compliance process unnecessary. Stakeholders may submit feedback using the accompanying template on or before 5 June 2025 via the FSCA website.
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