PENSION REFORM ACT, 2014

Section 71: Agreements or arrangements requiring consent of the Commission.

2014Section 71 of 120Federal Republic of Nigeria

Except with the prior consent of the Commission in writing, no Pension Fund Administrator or Pension Fund Custodian shall enter into any agreement or arrangement -
(a)
for the sale or transfer of significant shareholding of the Pension Fund Administrator or Pension Fund Custodian which is capable of causing a change in the shareholding structure of the Pension Fund Administrator or Pension Fund Custodian;
(b) for the restructuring of its share capital;
(c)
for the amalgamation or merger of the Pension Fund Administrator or Pension Fund Custodian with any other Pension Fund Administrator or Pension Fund Custodian;
(d)
for the restructuring of the Pension Fund Administrator or Pension Fund Custodian; or
(e) to employ a management agent or transfer its business to any agent.

Cite this section

Section 71, PENSION REFORM ACT, 2014 (2014).

https://repo.podus.ai/laws/pension-reform-act-2014/section/71/