Pension fund definitions establish voluntary scheme participation, subscriber accounts, withdrawal facilities, governance roles, and financial measurement standards.

Regulation 3 defines the framework for registered Pension Funds, voluntary Schemes, Subscribers and Pension Accounts. A Subscriber must be above 18 years, voluntarily join a Scheme and hold a Pension Account recording contributions, investment returns and withdrawals. Schemes must be Authority-approved and have distinct investment objectives, strategies and risk profiles, disclosed through a Scheme Information Document. The provision also defines governance roles, Trustees, Custodians, Credit Rating Agencies, Systematic Withdrawal Plans and the calculation of Net Worth.

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