Regulatory Alerts2025-12-08
Joint Communication 5 of 2025: Ministerial Determination on Transitional Regulatory Arrangements
The Financial Sector Conduct Authority and Prudential Authority jointly issued a Ministerial Determination extending transitional supervisory arrangements for medical schemes, collective investment schemes, pension funds, and friendly societies. Granted by the Minister of Finance in November 2025, the extension delegates regulatory functions until March 2028 for investment schemes and pension funds, and until March 2029 for medical schemes. This prolongation ensures an orderly transition to fit-for-purpose frameworks while ongoing collaborative development between the authorities is finalized.
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