New regulatory risk log published by Compli-Serve SA

Compli-Serve SA has published its latest monthly regulatory risk log for January/February 2020.

Please find changes to the following sections:

Retail distribution Review (RDR)

RDR Discussion Document on Adviser Categorisation and Related Matters and Annexure A - Retail Distribution Review Advisor Categorisation Discussion Document December 2019 - Feedback due 31 March 2020
RDR Second Discussion Document on Investment Related Matters and Annexure A - Retail Distribution Review Second Investment Related Matters Discussion Document - Feedback due 31 March 2020 (First Discussion document - June 2018)
RDR Discussion Document on a Remuneration Dispensation for Savings and Investment Products for the Low-income Market (Proposal TT) - Retail Distribution Review: Status Update on Proposal TT - Special Remuneration Dispensation for the Low-Income Market - December 2018 - Feedback due 28 February 2020
RDR Position Paper on Equivalence of Reward (Proposal RR) - not for comment
RDR Paper on Intermediary Activity Segmentation and Related Matters - not for comment
General RDR Status Update - not for comment

Insurance-premium collection

Latest exemptions and extensions of existing exemptions
The commencement of Chapter 14 of the 2017 Financial Sector Regulation Act (ombuds) and the repeal of the 2004 Financial Services Ombud Schemes Act have been postponed once again – to 1 April 2020 and 1 October 2020 respectively.
POPIA - Information Regulator (IR) - Update February 2020
PAIA and PAJA rules - Procedure for Application to Court
Policyholder Protection Rules will commence on 1 January 2020:
- Rule 13 (Data Management under 'Project Performance and Acceptable Service' section) and
- Rule 20 (Termination of Policies under 'No Unreasonable Post-Sale Barriers')
Cell Captive Proposed Conduct Standards – December 2019