For someone who regularly pleads for succinct plain language laws, the FSCA Communication of the draft exemption of retail funds from the requirements of section 14(1) of the Pension Funds Act needs to be highlighted as achieving this requirement.

The brief draft exemption and the communication that goes with it uses plain language and short sentences, making them clear and readable, even to those who are not familiar on a daily basis with pension fund laws.

The proposed exemption is rational, and it is probable that the final exemption and communication will keep this welcome format, possibly dropping occasional unnecessary words like “thereof”.

Draft FSCA RF Notice [-] of 2025 – Exemption of retail funds from S14(1) PFA.zip