South African regulator, the Financial Services Board (FSB), has confirmed that the first phase of the upcoming Retail Distribution Review (RDR) will be introduced on 1 January 2017 – six months after the original deadline.
Speaking to International Adviser, Leanne Jackson, a market conduct strategy adviser at the FSB, said the regulator was planning to implement the reforms, aimed at overhauling South Africa’s financial services sector, at the beginning of next year. She added that the Pretoria-based watchdog will first consult on “draft regulatory measures incorporating these proposals” in September 2016 before introducing them in January. Read entire article >>
[Source: International Adviser – by Monira Matin – August 31, 2016]
