Regulatory Alerts2022-03-18
FSCA Communication 8 of 2022 (RF)
The Financial Sector Conduct Authority issued Communication 8 of 2022 to update retirement funds on revised Regulation 28 foreign portfolio investment limits. Aligning with the South African Reserve Bank Exchange Control Circular 10/2022, funds may now allocate up to a single 45 percent of their assets to foreign investments. Fund boards must review and adjust their investment policies and mandates accordingly to comply with the expanded allowance.
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