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ARTICLE · 02 MARCH 2020

Draft Amendments To The FAIS General Code Of Conduct And Short Term Deposits Code Of Conduct

The Financial Sector Conduct Authority ("FSCA") published for public comment proposed amendments to the General Code of Conduct for Authorised Financial Services Providers and Representatives...

South AfricaFinance and Banking

The Financial Sector Conduct Authority ("FSCA") published for public comment proposed amendments to the General Code of Conduct for Authorised Financial Services Providers and Representatives, 2003 ("General Code") and the Specific Code of Conduct for Authorised Financial Services Providers and Representatives conducting Short-term Deposit Business, 2004 ("ST Deposits Code").

The proposed amendments follow (and do not deviate materially from) the amendments initially proposed by the FSCA to the General Code and the ST Deposits Code on 1 November 2017, and are primarily aimed at promoting the fair treatment and protection of financial customers.

The amendments to the ST Deposit Code are in line with the initial amendments proposed by the FSCA on 1 November 2017.

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