Towards the end of June 2020, the Financial Sector Conduct Authority (FSCA) published the final amendments to the General Code of Conduct as well as Fit and Proper requirements under the FAIS Act. According to the FSCA, the amendments were necessary to contribute to the fulfilment of their legislated objectives and is ultimately intended to promote the fair treatment and protection of financial customers.
Some of the changes include:
|●||Changes to advertising guidelines|
|●||Changes to advice record templates, including replacements|
|●||The complaints management framework|
|●||Conflict of Interest management policies in terms of financial interests|
|●||Impact on direct marketers|
|●||The associate relationships in respect of reference to the term ”independent”.|
According to Billy Seyffert, COO of Moonstone Compliance and Legal “…these are some of the most important changes since the 2017 F&P changes.”
Join Billy on 29 September 2020 for a live webinar to learn more about the GCOC, what has changed and what you need to change. Billy will be one of the presenters in a jam-packed session filled with relevant information presented in an easily understandable manner.
The session will be of great value to all Key Individuals, Representatives, Compliance Officers and internal Legal Officers. Persons responsible for operations management, general risk management and marketing will also definitely benefit from attending.
Click here for more information and to register.