The National Treasury will be hosting public workshops in February and March to support the consultation process on the Conduct of Financial Institutions (COFI) Bill which was published in December 2018. FSPs are encouraged to attend these workshops as once the COFI Bill comes into effect, it will repeal the FAIS Act. The activities and conduct of FSPs will therefore be regulated under this new regulation.
Click on the links below to read more:
Invitation for the COFI Bill workshop
Draft Conduct of Financial Institutions (COFI) Bill published