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<H2
style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: medium none; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 18.75pt; PADDING-RIGHT: 0cm; mso-border-bottom-alt: solid #15B055 1.5pt; mso-padding-alt: 0cm 0cm 4.0pt 0cm"><SPAN
style='FONT-SIZE: 18pt; FONT-FAMILY: "Calibri",sans-serif; FONT-STYLE: normal; mso-bidi-font-weight: normal; mso-bidi-font-style: italic'>Risk-based
Pension Funds Supervision And Effective Governance Training <?xml:namespace
prefix = "o" ns = "urn:schemas-microsoft-com:office:office"
/><o:p></o:p></SPAN></H2></DIV>
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<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 23.2pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #dddddd 1.5pt solid; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent"
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<P class=MsoNormal
style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"
align=center><B><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: white'>Dates<o:p></o:p></SPAN></B></P></TD>
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 23.2pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #dddddd 1.5pt solid; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent"
vAlign=bottom>
<P class=MsoNormal style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt"
align=center><B><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: white; LINE-HEIGHT: 115%'>Fees<o:p></o:p></SPAN></B></P></TD>
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 23.2pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #dddddd 1.5pt solid; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent"
vAlign=bottom>
<P class=MsoNormal style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt"
align=center><B><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: white; LINE-HEIGHT: 115%'>Location<o:p></o:p></SPAN></B></P></TD>
<TD
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vAlign=bottom width=249>
<P class=MsoNormal style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 10pt"
align=center><B><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: white; LINE-HEIGHT: 115%'>Apply<o:p></o:p></SPAN></B></P></TD></TR></THEAD>
<TBODY>
<TR style="HEIGHT: 36.85pt; mso-yfti-irow: 1">
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 36.85pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>06/02/2023<B> -</B> 10/02/2023<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 36.85pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>$1500<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 36.85pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>Mombasa<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #f0f0f0; HEIGHT: 36.85pt; BORDER-RIGHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top width=249>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJeJ2rV_G4pBa0p8jKkGCOo29uZqH00IFoWM3AWa49-ZNkEcUbKgfImpLoNI7rNtUcmuB1y4Oqfk5h-6FxiimxTblJJz3-CfKFJ0SKGcAdCqfD0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Physical Class</FONT></SPAN></A><BR><BR><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhJwz69L015evErF1govjT0b8P1r_poqFYyzWArQMDk23fZnoyhBgCUlV2XfnWRttPSmKFKIuLa9yhuoL6KgER-T0FqN1Yi4m5Ox_qQAq5mVPs0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Online
Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
<TR style="HEIGHT: 49.95pt; mso-yfti-irow: 2">
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>06/03/2023<B> -</B> 10/03/2023<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>$1350<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>Nairobi<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top width=249>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJMpbPsSg9O1FQoT8nahmeliL4TDiuRv03V_eTE1h3ow4LlgTxd6bsnfQ2eAGbox0QDy6Bvs_MSenB9G4hF1bECt9vuTGx1c7ISqww2BoTKzXf0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Physical Class</FONT></SPAN></A><BR><BR><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhsehm9txT9jawHAG_uRvo0hu1H6EGrETH8sqtJSm1j6nrSOcyFqCMVPveu_IV2BC1r057PDVGN8zcGrVwlg1Jy7ysD-Fjpx9ohIuAHH3NjQtK0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Online
Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
<TR style="HEIGHT: 50.5pt; mso-yfti-irow: 3">
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>03/04/2023<B> -</B> 07/04/2023<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>$1350<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>Nairobi<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top width=249>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJYMPq9sx_6912S4wuknJOrprEI_tcC1_FhVRGSOU4QgKFV3mKXgVZxtmdWgX_45qwymKydI_e0TCPkaJUPZI3o5gow6K7c7e-lDDqQONeKbyK0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Physical Class</FONT></SPAN></A><BR><BR><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhTuaUkWZp0sV5HUlRYOIdw4eYfcSbXnj-8CK1hr6k_aSXymm95dezH2fTIiRUjQWBIAaQzJlTP17DKadFxyBiimTX0tP0ADfu6Mb9v33mvoNE0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Online
Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
<TR style="HEIGHT: 49.95pt; mso-yfti-irow: 4">
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>01/05/2023<B> -</B> 05/05/2023<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>$3500<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>Dubai<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 49.95pt; BORDER-RIGHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top width=249>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtPjEpYBXwtg184sOjVYXHdJiGb3NYL913I08kosuFQ4XhNOBQsTgBc0agM0GA7Qjls2GiVGjPrxss0hRbCYC2sWxRxHoRac43WD6OYRchX80uVyw0THvrO8nVHTOWrLu1Jf0"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Physical Class</FONT></SPAN></A><BR><BR><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
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style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Online
Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR>
<TR style="HEIGHT: 50.5pt; mso-yfti-irow: 5; mso-yfti-lastrow: yes">
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>05/06/2023<B> -</B> 09/06/2023<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>$1500<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'>Mombasa<o:p></o:p></SPAN></P></TD>
<TD
style="BORDER-TOP: #dddddd 1pt solid; HEIGHT: 50.5pt; BORDER-RIGHT: #f0f0f0; WIDTH: 149.2pt; BORDER-BOTTOM: #f0f0f0; PADDING-BOTTOM: 6pt; PADDING-TOP: 6pt; PADDING-LEFT: 6pt; BORDER-LEFT: #f0f0f0; PADDING-RIGHT: 6pt; BACKGROUND-COLOR: transparent; mso-border-top-alt: solid #DDDDDD .75pt"
vAlign=top width=249>
<P class=MsoNormal style="MARGIN: 0cm 0cm 10pt"><SPAN
style='FONT-SIZE: 10.5pt; FONT-FAMILY: "Arial",sans-serif; COLOR: aliceblue; LINE-HEIGHT: 115%'><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
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style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #ffc107; BORDER-BOTTOM: windowtext 1pt; COLOR: #212529; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Physical Class</FONT></SPAN></A><BR><BR><A
style="OUTLINE-WIDTH: 0px; PADDING-TOP: 0px; OUTLINE-STYLE: none; PADDING-LEFT: 0px; OUTLINE-COLOR: invert; PADDING-RIGHT: 0px; -webkit-font-smoothing: antialiased; border-radius: 0.2rem"
href="https://133IK.trk.elasticemail.com/tracking/click?d=Woapoy-pTrFhh792RHeJ9-Rt225YYsPmWjNWsqqrTtO7LehkSoYMhQDHzoCXfFrhxBQ0RCRz36FptZoWOPE94HpRKNzalaKrDKzxdKtduEkfx_h0F6p_T312arfD09KiF8MwmGkVIA7xbQq-YPBR-Kim57vwCn0HJzhblZ9C6py30"><SPAN
style="BORDER-TOP: windowtext 1pt; BORDER-RIGHT: windowtext 1pt; BACKGROUND: #dc3545; BORDER-BOTTOM: windowtext 1pt; COLOR: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; BORDER-LEFT: windowtext 1pt; PADDING-RIGHT: 0cm; mso-bidi-font-family: Arial; mso-border-alt: none windowtext 0cm"><FONT
face="Times New Roman">Online
Class</FONT></SPAN></A><o:p></o:p></SPAN></P></TD></TR></TBODY></TABLE>
<P class=MsoNormal
style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p><SPAN
style="TEXT-DECORATION: none"><FONT
face=Calibri> </FONT></SPAN></o:p></SPAN></U></P>
<P class=MsoNormal
style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><A
href="https://133IK.trk.elasticemail.com/tracking/click?d=4RSOGeS5HI6KFJixQpykUH7SBDSj0A2EdHdcqqEk-KM-cgdd93er8oiDD9RVWshidXC_SGoaTmRSbwk0AUK8l-4G2yUb9RJLiCwoQVaNHck2kAGkOzXSOTNoHwvEvuiuJ-hXfMsi9juyeXNUDV3j_lw1" target=_blank><SPAN
style="COLOR: windowtext; mso-bidi-font-family: Calibri">Contact
us<o:p></o:p></SPAN></A></SPAN></U></P>
<P class=MsoNormal
style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri> <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><U><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><A
href="https://133IK.trk.elasticemail.com/tracking/click?d=TdO1gCuQ71hpWL60BWNntuwf2IWJfk_kJQ_Oex5_ejji4-VYzB2HCVxTr1UKQpPcQOhS2K8KRQdFPQPJ1ZtbLj_b5hkswQIsIB4_aWwH4Kbvt8IClcLkjfFeP2ffQ6FGDfzLjPqKMysTFi6THZDqkpw1" target=_blank><SPAN
style="COLOR: windowtext; mso-bidi-font-family: Calibri">Whatapp<o:p></o:p></SPAN></A></SPAN></U></P>
<P class=MsoNormal
style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%"><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; mso-bidi-font-family: Calibri"><FONT
face=Calibri><SPAN style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><SPAN
style="mso-spacerun: yes"> </SPAN><o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal
style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 150%"><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 12pt; LINE-HEIGHT: 150%; mso-bidi-font-family: Calibri"><FONT
face=Calibri>INTRODUCTION<o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Private Pensions are becoming an increasingly important part of
retirement income. Therefore, the quality and the effectiveness of pension funds
supervision is getting more and more critical, as well as challenging. In order
to achieve effective supervision, supervisory authorities need to expand risk
analysis and develop emerging risk capacities. Thus, risk-based supervision
(RBS) is imperative to be adopted along with corresponding risk-assessment
methodology, that incorporates both micro and macro
perspectives.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Strategically selected RBS techniques can result in effective
resource allocation, where assets are directed in a way to target the risk
exposures that are of greatest concern to the supervisory authority. Hence, RBS
is deemed to be a more flexible and dynamic process, that allows for greater
efficiency in the event of resource scarcity.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>This
program has been specifically designed by Skills for Africa Training Institute
to equip its participants with in-depth knowledge and essential skills to
successfully employ RBS techniques.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">COURSE
OBJECTIVES</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>At the
end of the course, the participants will be able
to:<o:p></o:p></FONT></SPAN></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Possess comprehensive understanding of pensions schemes, funds
and plans worldwide<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Compare and employ global best practices of risk-based pension
fund supervision and good governance<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Develop sound decision-making skills for strategic resources
allocation and supervisory strategies<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Employ various risk techniques for pension fund risk
management<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Set
appropriate controls and measures against identified
risks<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Analyze various situations and circumstances and foresee possible
outcomes<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l4 level1 lfo1; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Effectively and efficiently handle and manage senior roles and
responsible related to risk-based pension fund supervision and stay relevant
and competitive for the industry.<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">DURATION</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>5
Days <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">WHO
SHOULD ATTEND</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>This
training course is suitable to a wide range of professionals but will greatly
benefit:<o:p></o:p></FONT></SPAN></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Professionals and executives involved in Pension Fund Supervision
and Governance<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Specialists and Policy Makers involved in risk identification,
assessment and management.<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Legal and Financial Advisors concerned with Pension Risks and
related disputes<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>BPO
Pension Schemes Administrators<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Public Sector Pension Scheme Legislators and Officials at the
local and national level<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Pensions Managers and Pensions Scheme
Managers<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Pension Officers and Registrars<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Employee Benefits Directors and
Managers<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l6 level1 lfo2; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Anyone interested in Risk-Based Pension Fund Supervision and
Governance<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri">COURSE
CONTENT</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Day
One: Risk and Regulations for Pension
Industry<o:p></o:p></FONT></SPAN></B></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>The
Broad categorization of pension industry risk: Portfolio, Agency and Systemic
Risks<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Introduction to Pension Fund Regulatory
Mechanism<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Regulatory Requirements on Risk Management
Architecture<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Licensing, Governance and Investment
Rules<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Independent Custodian, External Audits, and Disclosure
Requirements<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Guarantees, Minimum Capital, and
Reserves<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l1 level1 lfo3; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Cost
& Fee Regulations and Sanctions<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Day
Two: Introduction to Risk-Based Supervision of Pension
Funds<o:p></o:p></FONT></SPAN></B></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>The
financial position of the organization, risk level intensity and supervision
scope<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Shifting the focus to high-level controls and
governance<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Strategic allocation of time and resources: employing proactive
approach<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Common objectives and elements of pensions fund RBS
design<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Key
focus areas of RBS model<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Employing pension fund RBS-Application and adaptation of
models<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Collecting data<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l5 level1 lfo4; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Supervisory board, staff, industry and
power.<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"> Day
Three: Analyzing Risk Landscape</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Risk-Based Solvency and Risk Scoring
Methods<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Risk
Based Capital Rules<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Funding risk<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Solvency risk<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Surplus risk and contribution risk<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Counterparty credit risk<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Interest rate mismatch risk<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Longevity Risk Hedging and
Transfers<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l0 level1 lfo5; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Systematic Risks and
Achievability<B> </B><o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>Day
Four: Actionable Tools of RBS<o:p></o:p></FONT></SPAN></B></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Setting objectives and risk focus for supervisory
authorities<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Identifying, mapping and weighting
risks<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Resource allocation decision based on risk
assessment<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Quality assurance<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Maximizing the value of scarce
resources<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Foreseeing problems timely<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l3 level1 lfo6; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Challenges in pension fund RBS
implementation<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><FONT
face=Calibri><B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"> Day
Five: Managing and Mitigation Risks</SPAN></B><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><o:p></o:p></SPAN></FONT></P>
<UL type=disc>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Operation and structure of internal risk governance
processes<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Considering risk-based approach in organizational
structure<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Management controls and compliance<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Setting appropriate procedures and
controls<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Designing and adopting risk management
systems<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Independent reviews<o:p></o:p></FONT></SPAN></LI>
<LI class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; tab-stops: list 36.0pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-list: l2 level1 lfo7; mso-line-height-alt: 11.2pt"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT
face=Calibri>Sponsors and financial support<o:p></o:p></FONT></SPAN></LI></UL>
<P class=MsoNormal
style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt 36pt; mso-margin-top-alt: auto; mso-margin-bottom-alt: auto; mso-line-height-alt: 11.2pt"><B
style="mso-bidi-font-weight: normal"><SPAN
style="FONT-SIZE: 12pt; mso-bidi-font-family: Calibri"><FONT face=Calibri>THE
END<o:p></o:p></FONT></SPAN></B></P>
<P class=MsoNormal style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt"><SPAN
style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; mso-bidi-font-family: Calibri"><o:p><FONT
face=Calibri> </FONT></o:p></SPAN></P></DIV></BODY></HTML>
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