Twin Peaks and CoFI

Twin Peaks and CoFI

The Financial Sector Regulation Act 9 of 2017 (the “FSR Act”) has been hailed as the one of the most significant regulatory changes to the financial services industry in South Africa in decades. The FSR Act sees the implementation of the “twin peaks model” for...
The FAIS Act

The FAIS Act

The Financial Advisory and Intermediary Services Act, 2002 (“FAIS”) regulates the provision of financial service activities (advice and intermediary services) on specific financial products in South Africa by requiring the registration of financial service providers...