In this newsletter:
Benchtest 12.2015, commentary on the oversupply of oil, a generic trustee performance appraisal form, the Regulator’s interaction with the industry, recovery of tracing costs circular, reporting due dates looming, the NEEEF and more...
So we are told the oversupply of crude oil is depressing its price – right?
Funds will be classified into a stage of intervention based on the Regulator’s supervisory and regulatory activities, such as on-site inspections. Each stage of intervention envisages increasing levels of intervention and reporting and compliance requirements by Namfisa. Download the circular here…
Do avoid being sucked further into the Regulator’s enforcement processes. Trustees should ascertain that their fund meets at least all the above requirements.
Where will the Regulator’s interaction with the industry lead to?
It is rather disturbing to experience the deteriorating relationship between the Regulator and the industry and the question is warranted – where will this manner of dealing with the industry lead to?
We kindly request you to review this document as a matter of urgency and to let us have your comments, which we shall then consolidate for further action.”
Download the complete NEEEF document here...
Read the full article here...