Regulatory Alerts2019-11-12
FSCA Communication 5 of 2019 (PFA)
The Financial Sector Conduct Authority extends the compliance deadline for certain pension funds with Regulation 38 of the Pension Funds Act, 1956, until 29 February 2020. This extension specifically covers funds that have submitted rule amendment applications and are awaiting approval, resolving ambiguities surrounding Section 37C interpretation. The regulator postpones finalizing these amendments until its pending Interpretation Ruling is issued to prevent unnecessary contraventions while ensuring consistent regulatory alignment.
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