Enforceable Undertaking Between the FSCA and the Municipal Employees Pension Fund (MEPF)
07 October 2025
The Municipal Employees’ Pension Fund (MEPF) has entered into an amicable agreement with the Financial Sector Conduct Authority (FSCA) under section 151(1) of the Financial Sector Regulation Act, 2017. This agreement confirms the Fund’s commitment to hold its 2025 General Meeting on 11 December 2025, following an exemption granted by the FSCA regarding the timing and procedural requirements set out in the Fund’s Rules.
The Enforceable Undertaking follows the FSCA’s exemption, issued on 15 September 2025, which permits the MEPF and its key persons to convene the General Meeting.
Under this undertaking, the Municipal Employees Pension Fund commits to:
- Issue the first notice of the General Meeting to all participating municipalities by 26 September 2025, notifying them of the 11 December 2025 meeting date.
- Ensure all participating employers conduct fresh employee representative elections and submit completed returns and nominations by 28 October 2025.
- Send reminder notices on 10 October and 17 October 2025 to encourage timely compliance.
- Issue the final notice of the General Meeting by 19 November 2025, including full meeting details.
- Distribute meeting information to any late-nominated representatives thereafter, up to the meeting date.
The undertaking formalizes the Fund’s accountability and timelines, ensuring transparency and adherence to regulatory expectations while safeguarding the participation rights of all stakeholders.
Ensuring Good Governance: MEPF to Hold 2025 General Meeting on 11 December 2025!
MEPF Enforceable Undertaking Signed Document