Tag: FinancialRegulation
The FSCA ushers in a new era for pension fund administrators
The Financial Sector Conduct Authority (FSCA) has published Conduct Standard 2 of 2025 (the 2025 Standard). It sets out reformed conditions for pension fund benefit administrators under section 13B(1) of the Pension Funds Act, 1956. The 2025 Standard aligns with the FSCA’s Statement of Need and Impact. In doing so, the FSCA ushers in a new era for pension fund regulation by formally replacing the outdated Board Notice 24 of 2002 (BN24 of 2002).
BCBS 239 journey – risk, regulation and the road to compliance
Since the release of the “Principles for effective risk data aggregation and risk reporting” regulation (commonly known as BCBS 239) in January 2013 by the Basel Committee on Banking Supervision (BCBS), the regulation evolved significantly, transitioning from a regulatory requirement into a strategic framework for improving risk data aggregation and reporting across the banking sector.
