Regulatory Alerts2026-03-30
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Industry Comments on Standard CIS.S.4.2 Transfer and Merger of Participatory Interest in CIS
Sisedi Investment Group (Pty) Ltd submits comments on Standard No. CIS.S.4.2, proposing amendments to definitions of merger, transfer, and reorganization to resolve material overlaps and clarify regulatory processes. The commenter requests specific changes to Clause 3 regarding the sequencing of investor consent and NAMFISA approval, and suggests introducing a minimum 60-business-day submission timeframe for transaction particulars. NAMFISA accepts several definitions and clarifications, including revised wording for transfer and merger, while rejecting the introduction of fixed submission timeframes and additional post-transaction reporting requirements.
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