FSCA extends period for exemption for all independent intermediaries authorised by insurers to collect premiums directly from restrictive remuneration provisions
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Insurance & Reinsurance
On 28 February 2022, the Financial Sector Conduct Authority (FSCA) issued for public comment its draft strategy called ‘FSCA Strategy for Supporting Financial Sector Transformation.'
The draft strategy delineates that the Regulatory Policy Division of the FSCA, through its Market, Customer and Inclusion Research department, will be responsible for overseeing the implementation of the FSCA’s approach to transformation.
In addition, an annual implementation plan will be developed, setting out the activities to be undertaken by different FSCA departments and divisions in each financial year, aligned to the approach, which plan will be updated annually to cater for changes in the sector.
Stakeholders are invited to provide comments on draft strategy, which feedback will inform the finalisation and implementation of the strategy.
Comments on the draft strategy may be sent to email@example.com by no later than 29 April 2022.
For a copy of:
Should you require any assistance with making comments to the Draft Strategy, please do not hesitate to contact Ernie van der Vyver or Nicole Britton.