Dear Compliance Officer

These are unprecedented times in which we find ourselves, both locally and globally.  The COVID-19 virus has wreaked havoc on global social and economic systems. The most vulnerable of our societies have suffered the worst. On 23 March 2020, the President of South Africa announced that starting at 24h00 on 26 March 2020, the country will go into lockdown for 21 days, ending 16 April 2020 at 24h00.  The aim of the lockdown is to attempt to curb the spread of the COVID-19 virus, which is a global pandemic. 

As the Johannesburg Stock Exchange (JSE), and other exchanges,  have been listed as an essential service, by extension Stockbrokers and Brokerages fall part of the essential services. 
In accordance with the President’s instruction and as good corporate citizens, the SAIS staff have been working remotely since 24 March 2020. The SAIS will remain operational during the lockdown and lectures will take place via Skype. The legislation exam has been postponed to September 2020. We are still available to assist members and students with any queries or concerns that they may have. 



Please take note of the following industry legislative updates:
Financial Intelligence Centre (FIC)

Final published PCCs


  • The Proposed Amendment to the JSE Debt listing has been published on the official website of  the FSCA for Public comment.
    • Debt Listing Requirements  
  • The FSCA has released a FAIS Notice  on Exemption from and extension of period to comply with Fit and Proper Requirements, 2020.
    • “The date by which FSPs, key individuals and representatives, including supervised representatives where applicable, must obtain the minimum CPD hours as required in terms of section 33(1) of the Determination, in respect of the 2020 CPD Cycle, is extended to 31 August 2020.”

National Treasury


We trust that we will all weather these unprecedented times with patience, care and concern for our fellow citizens, ourselves and our society, emerging a stronger and more united country.