Compliance - Regulatory

FSCA statement on insurers performing medical underwriting during lockdown period

It has come to the attention of the Financial Sector Conduct Authority (FSCA) that some insurers may have declared travelling nurses as essential services in the lockdown period, to collect blood samples for new business underwriting purposes.

COVID-19 - FSCA gives financially distressed employers breathing space over fund contributions

Employers in financial distress as a result of the COVID-19 pandemic and unable to pay their full contributions to employee retirement funds have been given a temporary reprieve.

FSCA communication 9 of 2020 (general) - Supervision

Securities regulators coordinate responses to COVID-19 through IOSCO

Members of the International Organization of Securities Commissions, who regulate over 95% of the world’s capital markets, are cooperating closely on their responses to the disruption in capital markets resulting from the macroeconomic impact of COVID-19 on the global economy.