Regulatory Alerts2019-03-11
FSRA Joint Communication 1 of 2019
The Financial Sector Conduct Authority and Prudential Authority issued this communication to update stakeholders on the draft Joint Standard for Fit and Proper Requirements for Significant Owners under the Financial Sector Regulation Act, 2017. Following public consultation, the authorities are revising the draft standard to address feedback and will republish it for a second round of comments. Pending the standard's finalization, any changes to significant ownership in regulated entities must be reported to the authorities for case-by-case evaluation under Chapter 11 of the Act.
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