Dear Tiaan

Please take note of the following industry updates.

From the FSCA

  • A Consultation Paper on Consumer Financial Education has been issued.
    • This is to ensure that stakeholders are informed of FSCA proposing new policy interventions of Ensuring Appropriate Financial Consumer Education Initiatives

  • A FAIS notice on Publication of FINAL amendments to the General and Short-term Deposit Codes of Conduct as well as Fit and Proper requirements under the FAIS Act has been released.
    • A proper process was followed as required by the FSR Act to do a comprehensive Public Consultation Process. Proof of documentation from Annexure A-F can be downloaded through this link.

  • An FM notice regarding the Impact of Covid-19 on compliance with requirements of the Financial Markets Act has been released.
    • As previously communicated, the FSCA acknowledged the economic impact of Covid-19 and the national lockdown as a result, the pandemic has had multiple impacts on Real Estate Investment Trusts (“REITs”) and the property sector.
    • These effects of the pandemic  on our  Country have resulted in the extension of period to comply with various timeframes referred to in the JSE Listing requirements made under section 11 of the FMA as previously issued on FM Notice 6 of 2020.

In Other News….

The FSCA has released a Retirement Fund Notice –

Reminder - SAIS CPD

CPD Cycle changes due to the COVID-19 pandemic
The SAIS 2019/2020 CPD cycle has been extended to 31 August 2020.  The 2020/2021 CPD cycle will run from 1 September 2020 to 31 May 2021 and CPD hours will be calculated on 9 months instead of 12. The 30 hour CPD requirement will be pro-rated for the 2020/21 CPD year only, resulting in a total CPD hour requirement of 22 hours for the 2020/21 CPD year. This means that any CPD hours logged as completed between 1 June and 31 August 2020 will be allocated to the 2019/2020 CPD cycle.

Please note: We are currently experiencing issues with logging members into the CPD platform. We are working to restore the service. Please continue to keep track of the CPD that you have completed.
SAIS CPD Offering
We have just launched the FICA CPD course through the SAIS learning platform. This course is worth 2 CPD hours.

The following topics are still available:

These are all verifiable CPD courses that include short question assessments.