In a media release last week, ASISA welcomed the public consultation process on the classification of inward listed instruments. This follows the statement issued by National Treasury, the SARB and the FSCA announcing the suspension of the Circular to “reduce the scope for ambiguity related to compliance with the prudential framework for regulated funds” and to allow for public consultation.
“We believe that this is the correct approach as it will allow all stakeholders to make representations. ASISA is in the process of constituting a working group, which will consist of representatives from all interested member companies, and we will submit their majority and minority views,” Leon Campher, CEO of the Association for Savings and Investment South Africa (ASISA) mentions.
Click here to download the ASISA media release.
Related article: Exchange control relief – Authorities suspend Exchange Control Circular 15/2020
