Regulatory Alerts2014-07-18
Added · Updated
PI-PF-01-2014 – Roles and Responsibilities with Regards to Regulation 29
Registered pension funds must invest a minimum of 1.75% and a maximum of 3.5% of their market value in unlisted investments through a Special Purpose Vehicle (SPV). The investment agreement is established directly between the pension fund and the SPV, distinct from agreements with investment managers managing the remaining 96.5% to 98.25% of assets. Compliance is assessed at the fund level, and failure to adhere to these requirements results in administrative penalties under Regulation 26.
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