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Governance and individual accountability

Governance and individual accountability

Conduct regulation was recently introduced into South Africa.

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governance and individual accountability

Conduct regulation was recently introduced into South Africa. It manifests itself most patently in the establishment of the conduct regulator, being the Financial Sector Conduct Authority (“FSCA”) and in the introduction of “a consolidated, comprehensive and consistent regulatory framework for the conduct of financial institutions”, in the form of the Conduct of Financial Institutions (“COFI”) Act (currently still a draft Bill).

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