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Publication of the Financial Markets Review (final report)

04 March 2020

National Treasury (NT), the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) have released the Financial Markets Review (final report), which provides recommendations for conduct practices in domestic over-the-counter fixed income, currency, commodities and derivatives financial markets. The final report follows an intensive consultation period that started in September 2018.

FSCA warns the public against Zoom Executive Investments (ZEI)

24 February 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing financial services business with Zoom Executive Investments. Zoom Executive Investments is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and intermediary services.

Intergovernmental FinTech working group publishes a report on its 2019 workshops

06 February 2020

Today, the Intergovernmental Fintech Working Group (IFWG) publishes a report highlighting discussions held during its financial technology (fintech) workshops in 2019.

An inherent conflict of interest

03 February 2020

It has been standard practice for service providers to appoint a staff member internally to act as the fund’s principal officer. However, there has been an inherent conflict of interest. Going forward service providers of umbrella funds, preservation funds, retirement annuity funds and all retail funds, may not employ the PO of their funds.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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