Regulatory Alerts2020-05-29
FSCA Communication 28 of 2020 (RF) – Draft Conduct Standard on Pension Fund Contribution Payments
The Financial Sector Conduct Authority published a draft Conduct Standard mandating specific requirements for the payment of pension fund contributions. Grounded in the Financial Sector Regulation Act and Pension Funds Act, the framework establishes compliance obligations for fund administrators and trustees regarding contribution processing timelines and reporting. Interested parties may submit written comments to the Authority by 31 July 2020 to shape the final regulatory instrument.
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