Regulatory Alerts2023-11-23
FSCA Draft Conduct Standard on Requirements for Collective Investment Scheme Managers
The Financial Sector Conduct Authority (FSCA) published a draft Conduct Standard imposing new regulatory requirements on South African Collective Investment Scheme (CIS) managers. The framework mandates enhanced product governance, standardized prospectuses, clearer risk and compliance oversight, and strengthened conflict-of-interest protocols to align domestic practices with international standards. Stakeholders may submit written comments on the proposed rules by 16 February 2024 prior to final adoption.
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