Following National Treasury publishing the draft amendments to Regulation 28 of the Pension Funds Act for public comment, Intellidex submitted its response welcoming elements of the proposed reforms as positive. This is an important step is countering the debate over prescribed assets. Regulation 28 offers an effective tool to shape investment discussions without compulsion and the shutting down of that debate will help sentiment. However, Intellidex believes that some of the proposed changes need clarification and some are likely to be negative from a public interest perspective. In particular there is a call for a clearer and more inclusive definition of infrastructure within the regulations.
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