Older Persons Act, 2006
R 385
Pension Funds Act, 1956 (Act No. 24 of 1956)NoticesMinimum Skills and Training Requirements for Board Members of Pension Funds, 20204. Short title, commencement and transitional arrangements |
| (1) | This Conduct Standard is called Minimum skills and training requirements for board members of pension funds, 2020. |
| (2) | This Conduct Standard becomes effective on the date of publication. |
| (3) | Subject to sub-paragraph (4), a board member who was appointed before the effective date is, for purposes of this Conduct Standard, deemed to have been appointed on the effective date and must complete the Trustee Training Toolkit within 6 months of the effective date. |
| (4) | A board member who attained the certification of the Trustee Training Toolkit before the effective date is not required to complete the certification again, subject to the board member completing a declaration stating that the board member completed the Trustee Training Toolkit without assistance. |
| (5) | A person who has attained the certification of the Trustee Training Toolkit and is subsequently appointed to a board of a fund is not required to complete the certification again. |
