Regulatory Alerts2020-06-26
FSCA Final Amendments to General and Short-term Deposit Codes of Conduct and Fit and Proper Requirements under FAIS
The Financial Sector Conduct Authority published final amendments to the General Code of Conduct, Short-term Deposit Code, and Fit and Proper Requirements under the FAIS Act. These updates align regulatory terminology with the Insurance Act, resolve outdated references from earlier policy processes, and mandate stricter compliance standards for financial services providers. The amendments aim to promote the fair treatment and protection of financial customers while ensuring full statutory compliance with the Financial Sector Regulation Act.
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