Regulatory Alerts2024-12-06
FSCA Communication 42 of 2024 (RF): Withdrawal of Financial Services Board Pension Fund Circular PF No. 127
The Financial Sector Conduct Authority (FSCA) has withdrawn Pension Fund Circular PF No. 127, originally issued in 2007 to exempt certain terminating funds from surplus apportionment submissions. Because more than twenty years have elapsed and all targeted funds should have completed their deregistration, the FSCA determined the circular no longer serves its purpose. Consequently, any remaining funds that have not finished deregistering must now comply with the full requirements of the Pension Funds Act, 1956.
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