Regulatory Alerts2020-05-19
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FSCA Final Conduct Standards on Delegation of Administration and Net Asset Valuation for Collective Investment Schemes
The Financial Sector Conduct Authority published final Conduct Standards governing the delegation of administration functions and net asset valuation calculations for collective investment scheme portfolios. These standards establish a legal framework to protect investors from unfair outcomes by ensuring accurate asset pricing and prudent oversight of third-party administrative arrangements. Following extensive public consultation and parliamentary submission, the regulations mitigate identified industry risks while aligning South Africa's collective investment scheme framework with international best practices.
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