Commentary on Legislative Changes and Development
03 December 2023
Financial Service Intelligence Watch
FSCA seeks public feedback on new Conduct Standards for CIS Managers; comments by 16 February 2024; concern over costs
The Financial Sector Conduct Authority (FSCA) has taken a significant step towards enhancing the regulatory framework for Collective Investment Schemes (CIS) in South Africa. In a recent announcement, the FSCA released a series of documents for public consultation, marking a pivotal moment in the country's financial sector reform.
Explaining the draft Conduct Standard for Managers of Collective Investment Schemes; outline of policies required by CIS Managers
The Financial Sector Conduct Authority (FSCA) plans to implement the standard under section 106(1)(a) and (2)(b) of the FSR Act. This section authorises the FSCA to establish conduct standards essential for fulfilling the objectives of the FSR Act and related financial sector laws, including the Collective ...
Businesses desperate to halt NHI Bill
In an unprecedented move, business organisations have written to the presiding officers of the NCOP as well as Deputy President Paul Mashatile – who is the leader of government business – with an urgent appeal to stop the National Health Insurance (NHI) Bill from being passed by Parliament ...