Regulatory Alerts2024-06-26
FSCA Communication 22 of 2024 Online Submission of Arrear Pension Fund Contributions Report
The Financial Sector Conduct Authority (FSCA) issued Communication 22 of 2024 to standardize the online submission of arrear pension fund contribution reports under Conduct Standard 1 of 2022. The directive provides retirement fund administrators with a prescribed template and step-by-step instructions for uploading data via the FSCA Retirement Funds Online System, addressing previous issues with incorrect formats and inaccessible files. Submitters must accurately capture employer details, outstanding contribution values, late payment interest, affected benefits, and the personally liable person under section 13A(8), with options for manual entry or bulk file import.
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