FSCA Submission of Draft Conduct Standard on Payment of Pension Fund Contributions

The Financial Sector Conduct Authority submitted a draft Conduct Standard to Parliament establishing mandatory requirements for pension fund contribution payments. Lodged under section 103(1) of the Financial Sector Regulation Act on 8 December 2021, the filing comprises a supporting statement and consultation report to enforce compliance across regulated entities. The complete documentation is publicly accessible on the FSCA website, with direct inquiries directed to the Regulatory Framework Department.

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FSCA COMMUNICATION 2 OF 2022 (RF)
Submission to Parliament of draft Conduct Standard on Requirements Related to the Payment of Pension Fund Contributions

The purpose of this Communication is to inform stakeholders that on 8 December
2021, the following draft Conduct Standard and supporting documents were submitted to Parliament in terms of section 103(1) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) (FSR Act):

Conduct Standard - Requirements Related to the Payment of Pension Fund
Contributions (Conduct Standard);
Statement supporting the Conduct Standard; and
Consultation report on the Conduct Standard.

The documents referred to in paragraph 1 are available on the FSCA’s website at
www.fsca.co.za.
For more information regarding the draft Conduct Standard and/or this Communication
please contact the Regulatory Framework Department of the Authority at andile.mjadu@fsca.co.za. KATHERINE GIBSON DEPUTY COMMISSIONER FINANCIAL SECTOR CONDUCT AUTHORITY Date of publication: 15 February 2022

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Source: Financial Sector Conduct Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works