Regulatory Compliance Vault

Nigerian financial sector compliance directory — Acts, Regulations, Guidelines and Circulars from PenCom, CBN, NAICOM, SEC and NDPC.

PenCom Framework 13 Sep 2023
Framework for the Establishment of Additional Benefits Schemes under the Contributory Pension Scheme

Sets standards for employers wishing to establish supplementary/additional benefits schemes on top of the mandatory CPS.

Applies To
Employers; PFAs
Effective
13 Sep 2023
Compliance Deadline
PenCom Framework 14 Jul 2023
Revised Framework for the Establishment of the Pension Industry Non-Interest Advisory Committee (PINAC)

Revises the establishment and mandate of PINAC, which advises on Shari'ah-compliant (non-interest) pension fund matters.

Applies To
PINAC; non-interest fund operators
Effective
14 Jul 2023
Compliance Deadline
PenCom Guideline 23 Sep 2022
Guidelines on Accessing RSA Balance towards Payment of Equity Contribution for Residential Mortgage

Permits eligible RSA holders to apply up to 25% of their RSA balance as equity contribution for a residential mortgage, with eligibility, documentation and processing standards for…

Applies To
RSA holders in active employment; PFAs; …
Effective
23 Sep 2022
Compliance Deadline
PenCom Framework 19 May 2022
Framework for Co-Investment of Pension Funds by Pension Fund Administrators

Sets standards for co-investment arrangements among PFAs pooling pension fund assets into shared investment vehicles.

Applies To
PFAs
Effective
19 May 2022
Compliance Deadline
PenCom Directive 13 Apr 2022
FSRCC Public Statement/Advisory on Illegal Financial Operators in Nigeria

Financial Services Regulation Coordinating Committee advisory drawing attention to the risks posed by illegal financial operators to public confidence and financial system stabilit…

Applies To
Public advisory; regulated financial ins…
Effective
13 Apr 2022
Compliance Deadline
PenCom Regulation 18 Mar 2022
Revised Regulation on the Administration of Retirement and Terminal Benefits

Updates administration standards for retirement and terminal benefits payable to pensioners.

Applies To
PFAs; retirees
Effective
18 Mar 2022
Compliance Deadline
PenCom Framework 09 Aug 2021
Framework for Enlightenment and Public Awareness for the Micro Pension Plan

Sets modalities for sustained public enlightenment on the Micro Pension Plan, following release of the MPP Guidelines, to raise awareness and acceptability among the informal secto…

Applies To
MPP; informal sector; PFAs
Effective
09 Aug 2021
Compliance Deadline
PenCom Framework 28 May 2021
Operational Framework for Non-Interest Fund (Fund VI)

Established the non-interest (Shari'ah-compliant) fund within the multi-fund structure, with dedicated instrument screening and an Advisory Committee of Experts requirement.

Applies To
PFAs offering Fund VI; contributors elec…
Effective
28 May 2021
Compliance Deadline
PenCom Regulation 02 Sep 2020
Revised Regulation on Retiree Life Annuity

Updates standards for Retiree Life Annuity products offered to pension retirees.

Applies To
Insurers; PFAs; RSA retirees choosing an…
Effective
02 Sep 2020
Compliance Deadline
PenCom Regulation 24 Jun 2020
Data Privacy & Protection Policy

PenCom's own data privacy and protection policy governing handling of personal data collected in the course of pension administration.

Applies To
Industry-wide (PFAs, PFCs, PenCom itself…
Effective
24 Jun 2020
Compliance Deadline
PenCom Guideline 19 Jun 2020
Guidelines on RSA Transfer System (Transfer Window)

Operationalised Section 13 of the PRA 2014, allowing RSA holders to transfer between PFAs once a year through the RSA Transfer System, opening genuine competition on service and re…

Applies To
All PFAs and RSA holders.
Effective
16 Nov 2020
Compliance Deadline
PenCom Regulation 31 Jan 2019
Amended Regulation on Investment of Pension Fund Asset February 2019

Provides uniform rules and standards for investment of pension fund assets consistent with the PRA 2014; superseded by the September 2025 Revised Regulation.

Applies To
PFAs (investment)
Effective
31 Jan 2019
Compliance Deadline

This vault is a monitoring aid, not legal advice; always confirm against the regulator's official publication.