FINANCIAL SERVICES AND INVESTMENT MANAGEMENT NEWSLETTER – JUNE 2012

Our second newsletter for 2012 comes at a time when National Treasury and the Financial Services Board have published various draft legislation and regulations. The initiatives are part of the implementation of reforms outlined in the National Treasury document entitled A safer financial sector to serve South Africa better. It is safe to say that the financial sector has to brace itself for further regulation. Such further regulation has both operational and cost implications for role players in the sector. Consequently, role players have to keep track of the developments and contribute to the drafting process.