Policyholder protection rules 17 and 18 to take effect on 1 July 2019
This serves as a reminder that policyholder protection rule 17 (claims management) and rule 18 (complaints management), in so far as it relates to group schemes, will commence on 1 July 2019.
Compli-Serve notes that the notice for the new long-term and short-term policyholder protection rules (PPRs) was already published ...
Preliminary 2019 Taxation Laws Amendment Bill released
A draft preliminary Taxation Laws Amendment Bill and explanatory memorandum released this week for comment by 25 June focus on two ‘more urgent’ proposals requiring additional consultation. Once refined to reflect stakeholder input, they will be incorporated in the full text of a draft amendment Bill to be released in ...
SARB publishes systemically important bank methodology
The South African Reserve Bank’s (SARB’s) methodology for determining ‘which banks are systemically important within the South African context’ was published this week, notes CompliNEWS contributor Pam Saxby. While no accompanying media statement was issued, the methodology’s development was probably informed by stakeholder input on a discussion document released ...