South Africa: FSCA submits draft CIS notice to Parliament on a determination relating to foreign collective investment schemes soliciting investments
On 6 February 2026, the Financial Sector Conduct Authority (FSCA) issued FSCA Communication 1 of 2026 announcing that a draft determination relating to foreign collective investment schemes (CISs) has been submitted to Parliament (draft Determination). The draft Determination follows the FSCA’s request for (and consideration of) written submissions from the public which were due on or before 11 October 2024.