Regulatory Alerts2022-04-19
FSCA Communication 12 of 2022 (RF) Exemption from Prescribed Financial Statement Formats
The Financial Sector Conduct Authority (FSCA) has exempted registered funds from mandatory use of specific prescribed financial statement formats under the Pension Funds Act 1956. This exemption permits funds to substitute existing Board Notice schedules with revised illustrative auditor reports approved by the Independent Regulatory Board for Auditors, effective from the IRBA's designated dates. Funds adopting these revised formats remain fully compliant with section 15 requirements, while those continuing to use the original schedules retain their compliance status.
Share