Please take note of the following updates in the industry.

From The National Treasury...

A Public Invitation for Comments on the Second Draft of the Conduct of Financial Institutions (COFI) Bill has been issued.

  • The Treasury aims at submitting the Bill for approval and tabling early next year (2021) after they have taken into account these second-round comments and finalisation of the Bill. 
  • The COFI Bill will aim at ensuring that the implementation of Treating Customers Fairly (TCP) principles in the financial services sector, give a legal scenery for conduct regulation as well as to give legislative effect to the market conduct policy approach.
  • Closing date for comments on the Bill is 30 October 2020 and should be sent to
  • Click here for the Response Document that outlines key changes in the first Draft.


The SAIS held its Annual General Meeting for 2019, virtually, om 10 September 2020.
The draft minutes of the meeting and presentation by the SAIS President, Erica Bruce, can be found on our website.