COVID-19 – Temporary reprieve for real estate investment trusts
Real estate investment trusts have been granted a two-month extension to the period for making distributable profit payments in terms of prevailing JSE listings requirements, reports CompliNEWS contributor Pam Saxby. Announcing this on Friday, a Financial Sector Conduct Authority communication noted that the extension will allow time ‘to gather more ...
FSCA publishes final amendments under the FAIS Act
Financial Sector Conduct Authority (FSCA)
On 26 June 2020, the Financial Sector Conduct Authority (FSCA) published final amendments to the General and Short-term deposit Codes of Conduct as well as Fit and Proper requirements under the FAIS Act. The amendments are necessary to contribute to the fulfilment of the FSCA’s ...
Input sought on consumer education proposals
Comment is sought by 31 August 2020 on a discussion document prepared by the Financial Sector Conduct Authority with the aim of ensuring that the consumer education initiatives provided by financial institutions are ‘appropriate’, CompliNEWS contributor Pam Saxby reports. According to the accompanying communication, this is noting that the authority’s ...
Basel III standards implementation deferred