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Submissions on the Joint Standard and Statement using the comments template (a word format is available on the website) may be submitted in writing to PA-Standards@resbank.co.za for the attention of Ms Lyle Horsley and FSCA.JointStandardComments@fsca.co.za for the attention of Ms Elmarie Hamman by close of business on 20 May 2019.
On 1 February 2019, the South African Minister of Finance published the Financial Matters Amendment Bill (the "Bill") containing a long-awaited amendment to section 83 of the Insolvency Act, 1936. We previously discussed the purpose of the amendment to the Insolvency Act, as well as a number of issues associated with the first draft of the Bill (the "Draft Bill"), which was published on 24 August 2018.
The Financial Sector Conduct Authority (FSCA) has recently published two new documents relating to its Retail Distribution Review (RDR) regulatory reform program.