Is the Pension Scheme required to be registered with Bank of Guyana?

Is the Pension Scheme required to be registered with Bank of Guyana?

Yes, and it is in accordance with the Insurance Act 1998 Part XVI Section 101, which states that no person may establish or operate a pension fund plan in Guyana unless the plan is registered.  A one-time registration fee of $250,000 is required by the Bank of Guyana.