Explore the Category

Market Conduct Risk – plain sailing or are you heading for the rocks?

04 April 2016

With regulators around the world including the Financial Services Board championing the fair treatment of customers, it is clear that organisations are going to need strong conduct based risk frameworks in place. The rigid rules based approach to compliance is set to give way to principles, and thus market conduct becomes a key business risk.

A preview of King IV

29 March 2016

Recently a draft of the latest instalment of the King Reports on Corporate Governance, namely King IV, was released by the Institute of Directors in Southern Africa (IoDSA) and the King Committee for public comment. Comments are to be submitted by 15 May 2016.

Prepare for a bolder, better King IV

16 March 2016

The upcoming King IV’s bold and practical approach is expected to instil greater levels of ethical behaviour, and lead to increased accountability and transparency in corporate reporting.

More regulatory intervention for insurers?

11 February 2016

This month a second draft of the Insurance Bill (the Bill) was tabled and now incorporates submissions made by interested parties towards the end of 2015. It is intended to be the framework legislation consolidating the Short-Term and Long-Term Insurance Acts. This Bill is a step closer by National Treasury to the new Twin Peaks model of regulation [with prudential regulation falling under the South African Reserve Bank’s (SARB’s) remit and the Financial Services Board (FSB) consequently regulating market conduct].

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

View the Results