Pension fund registration eligibility requires qualifying incorporation, governance, acceptable jurisdictional status, relevant management experience, and continuing net worth. Pension Fund registration requires an applicant to be a company incorporated in an International Financial Services Centre or, subject to prior comparable ... Summary
Pension fund registration eligibility requires qualifying incorporation, governance, acceptable jurisdictional status, relevant management experience, and continuing net worth.
Pension Fund registration requires an applicant to be a company incorporated in an International Financial Services Centre or, subject to prior comparable registration or regulation, a branch of an overseas company. The board must have at least four directors, including at least one-half independent directors, and the applicant and promoters must not be from specified high-risk jurisdictions. Applicants or their parent or associate entities require ten years' relevant financial-sector experience and must maintain minimum net worth of USD 1 million, at the parent level where applicable.
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