Regulatory Alerts2026-03-26
Added
PF-CIR-01-2026 FIMA Update
Paragraph (b) of the definition of defined contribution funds under the Financial Institutions and Markets Act is stayed and will not come into force upon the Act's initial commencement. This stay preserves the status quo regarding commutation rights as set out in registered fund rules and permissible under the Income Tax Act until the two pieces of legislation are aligned. The Registrar of Pension Funds calls on all funds and stakeholders to cooperate during this process.
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