Regulations in insurance including RDR,Twin Peaks, POPI

3 April 2018, 12:58


The regulatory environment in South African insurance 2018


As we know, the Financial Sector Regulation (FSR) Act was signed into law on 21 August 2017. This law introduced the ‘Twin Peaks’ model of financial services regulation. The Prudential Authority (PA) was established on 1 April 2018 and the Financial Sector Conduct Authority (FSCA) will come into effect from 1 July 2018.


As if this weren’t enough, there are new fit and proper board notices that also came into effect from 1 April 2018. These regulations involve amended study material for the RE Exams and have implications for representatives working under supervision. Are you aware of the consequences of class of business training and product specific training, in conjunction with the latest CPD requirements?


A stellar speaker lineup will unpack the various aspects of these and other developments that will enable you to get to the core of these issues. We look forward to seeing you there and discussing these exciting topics.


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