Regulatory Alerts2021-11-10
Added · Updated
RF.R.5.11 – Exemption from Prohibited Investments
The Minister of Finance issued Regulation RF.R.5.11 under the Financial Institutions and Markets Act, 2021 to grant funds discretionary exemptions from statutory investment prohibitions. Fund boards may apply to invest or lend assets directly to participating employers or their subsidiaries, provided the fund’s rules and investment policy explicitly authorize such transactions. The Minister determines the applicable period and conditions for each approved exemption, thereby enabling targeted capital deployment while maintaining regulatory oversight.
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