Regulatory Alerts2019-12-13
Retail Distribution Review General Status Update December 2019
The Financial Sector Conduct Authority published this December 2019 update to monitor the implementation of its Retail Distribution Review reforms across financial advice and product distribution. The comprehensive status table confirms that numerous amendments to the FAIS General Code of Conduct and insurance regulations have been finalized, submitted to National Treasury for parliamentary gazettal, or are already operational. These regulatory changes redefine adviser categorization, clarify product supplier accountability, standardize outsourcing and remuneration disclosure, and align intermediary conduct with the draft Conduct of Financial Institutions Act.
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