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18 December 2025 Financial Service Intelligence Watch

Guidance Note: Clarifying FICA obligations for Discretionary Fund Managers (DFMs)

By Compli-Serve

Discretionary Fund Managers (DFMs) operate in a highly interconnected environment, where investment administration, client advice, product platforms and discretionary portfolio management overlap. This layered structure often creates uncertainty about where FICA obligations begin and end. Recent regulatory communication helps clarify these expectations, and DFMs would be prudent to ...

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FSCA Communication 25 of 2025 (Access to webinar on compliance arrangements)

The FSCA has released the recording of its November 2025 webinar for FSPs, covering the full compliance-officer framework under the FAIS Act. The session walks through regulatory requirements, roles and responsibilities, compliance-function establishment, monitoring expectations and best practices. The recording is now available on the FSCA’s YouTube channel, with enquiries ...

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Working Smart

By Lee Rossini

As software development becomes more human-centred, vibe coding is an emerging framework that blends intuitive interaction, contextual awareness, and generative automation. It is a style of programming in which developers guide code creation using high-level intent, emotional cues, and conversational refinement rather than strictly technical instructions. It shifts the emphasis from manually constructing logic to shaping the feel, purpose, and outcome of a solution.

CPD

Subscribers are reminded that they can complete monthly CPD quizzes and claim CPD hours before the 31 May 2025 deadline. View the CPD FAQs for more on accessing the CPD quizzes.

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