Compliance - Regulatory

Local CIS industry records historic net quarterly inflows of R88 billion

Undeterred by the Covid-19 induced market volatility, investors committed R88 billion in net inflows to local Collective Investment Scheme (CIS) portfolios during the second quarter of this year. This represents the highest net quarterly inflows on record.

Focus on quality education and skills development to create an inclusive SA economy – not "box-ticking" compliance

FSCA updates public on JP Markets liquidation application at High Court

The Financial Sector Conduct Authority (FSCA) previously reported that it filed an urgent application with the High Court to liquidate JP Markets SA (Pty) Limited. The application was enrolled for 11 August 2020 and stood down to 12 August 2020.

Update on contingent business interruption insurance cover

The Financial Sector Conduct Authority (FSCA) provides a brief update on the steps that have been taken to date regarding the process of obtaining legal certainty on Contingent Business Interruption (CBI) Cover and related issues, such as time barring clauses and interim relief measures taken by some non-life insurers. These issues will be discussed separately below.