Scheme approval requirements require pension funds to establish trust-based schemes, appoint qualified trustees, and launch approved schemes timely. Each pension fund Scheme must be constituted as a trust and requires prior approval for a new Scheme or any material modification to an existing Scheme. ... Summary
Referred In :
International Financial Services Centres Authority (Pension Fund) Regulations, 2026
Scheme approval requirements require pension funds to establish trust-based schemes, appoint qualified trustees, and launch approved schemes timely.
Each pension fund Scheme must be constituted as a trust and requires prior approval for a new Scheme or any material modification to an existing Scheme. The filing must include the Scheme Information Document and other required information. Before filing, the Pension Fund must appoint a Trustee meeting fit and proper requirements. Each approved Scheme must be launched within twelve months from communication of approval.
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