Thu, Jul 18, 2024

The official Financial Regulation Journal of SAIFM

Important Update: FSCA Communication on Retirement Fund Rule Amendments

Attention SAIFM Members,

We wish to inform you of the latest communication from the Financial Sector Conduct Authority (FSCA) regarding the Requirements for rule amendments to be submitted by retirement funds in accordance with the Two-Component System outlined in the Revenue Laws Amendment Bill and the Pension Funds Amendment Bill.

This communication outlines the FSCA’s requirements and approach regarding rule amendments to implement the two-component system, aimed at addressing challenges related to retirement fund asset preservation and access during financial distress or emergencies.

Members interested in understanding the detailed requirements and transitional arrangements are encouraged to review the full communication from the FSCA dated 16 February 2024, available here.

Should you have any further inquiries, please contact Ms. Fikile Mosoma at Fikile.Mosoma@fsca.co.za.

Thank you for your attention to this matter.

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