At the end of 2017, the Financial Sector Conduct Authority (previously the Financial Services Board) gazetted various pieces of legislation as a result of the Retail Distribution Review and Twin Peaks regulation. This new legislation will have a significant impact on the industry as a whole and more specifically, on you as the broker.
To assist our brokers with understanding the new legislation, CIB hosted a breakfast session on the 15th of June with a number of guest speakers:
Adv. Suzette Olivier (Executive Governance and Regulatory Affairs – Guardrisk)
Natasha Holt (Market Conduct Manager – Guardrisk)
Elsa Jordaan (Executive: Claims & Legal – CIB)
Christine Rodrigues (Head of Insurance Practice South Africa – Hogan Lovells (South Africa) Inc.)
The speakers covered topics related to the amended Binder Regulations, the Replacement Policyholder Protection Rules, Fit and Proper Requirements and the Protection of Personal Information Act.
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