Treasury talks COFI among key current compliance considerations
<h2><strong>Conduct of Financial Institutions Bill (COFI), FIC Amendment Act and the Fintech Impact on Financial Services</strong></h2>
<span style="font-weight: 400;">Join </span><a href="https://www.compliserve.co.za/events/"><span style="font-weight: 400;">Compli-Serve SA’s</span></a><span style="font-weight: 400;"> event on the Conduct of Financial Institutions Bill (COFI), FIC Amendment Act and the Fintech Impact on Financial Services.</span>
<h3><b>Dates & address details:</b></h3>
<a href="https://www.compliserve.co.za/event/class-of-business-training-cofi-and-4th-industrial-revolution/"><span style="font-weight: 400;">Cape Town</span></a><span style="font-weight: 400;"> 7 May 08h30-12h30</span>
<span style="font-weight: 400;">Newlands Southern Sun, 7 Main Road, Newlands</span>
<a href="https://www.compliserve.co.za/event/class-of-business-training-cofi-and-4th-industrial-revolution-2/"><span style="font-weight: 400;">Pretoria</span></a><span style="font-weight: 400;"> 14 May 08h30 – 12h30</span>
<span style="font-weight: 400;">Protea Hotel by Marriot Midrand, 14th Street, Noordwyk Ext 20 Midrand</span>
<a href="https://www.compliserve.co.za/event/class-of-business-training-cofi-and-4th-industrial-revolution-3/"><span style="font-weight: 400;">Durban</span></a><span style="font-weight: 400;"> 16 May 08h30-12h30</span>
<span style="font-weight: 400;">Holiday Inn Express Durban – Umhlanga, Ncondo Place, Crn Ncondo Place & Ntusi Rd, Off Umlhanga Rocks Drive, Durban </span>
<h3><b>Conduct of Financial Institutions Bill (COFI)</b></h3>
<span style="font-weight: 400;">The COFI Bill is a significant legislative event and seeks to harmonise cross-sector legislation and repeal the current sectorial legislation, specifically FAIS, Collective Investment Schemes Act, Long-term Insurance Act, Short-term Insurance Act and make amendments to other existing pieces of legislation. It is the embodiment of the so-called principles-based regime which will become the norm, replacing the current rules-based environment we operate within. The workshop seeks to unpack the COFI Bill and look at the key areas of impact on industry participants.</span>
<h3><b>FIC Amendment Act</b></h3>
<span style="font-weight: 400;">The existing FIC Act has been significantly amended with the revised regulations becoming fully effective from 1st April 2019. The updated requirements adopt a risk-based approach to AML and will place further obligations on regulated Financial Services Providers. The workshop will go through the key changes to the regulations and focus on the impact points for licensed entities.</span>
<h3><b>Fintech/Suptech impact on Financial Services</b></h3>
<span style="font-weight: 400;">Financial industry participants and Regulators are sitting up and taking notice of the disruptive technologies that are starting to make their presence felt in financial services. Richard Rattue MD of Compli-Serve, will explore the potential areas of impact for the financial services industry and examine how Regulators are looking to use similar technologies to assist them in their market oversight role.</span>
<h3><b>Who should attend:</b></h3>
<ul>
<li><span style="font-weight: 400;"> Compliance Officers</span></li><li><span style="font-weight: 400;"> Registered Key Individuals & Representatives</span></li><li><span style="font-weight: 400;"> Risk Managers</span></li><li><span style="font-weight: 400;"> Business Owners</span></li></ul>
<h3><b>Cost: </b><span style="font-weight: 400;">R1100 per delegate to attend, and R810 per subsequent delegate from the same FSP, excluding VAT. </span></h3>
<h3><b>Verifiable CPD hours:</b><span style="font-weight: 400;"> 3</span></h3>
<h3><b>RSVP:</b><span style="font-weight: 400;"> Visit </span><a href="https://www.compliserve.co.za/event/class-of-business-training-cofi-and-4th-industrial-revolution/"><span style="font-weight: 400;">https://www.compliserve.co.za/event/class-of-business-training-cofi-and-4th-industrial-revolution/</span></a><span style="font-weight: 400;"> to book directly, or contact </span><span style="font-weight: 400;">\events@compliserve.co.za</span></h3>
<span style="font-weight: 400;">Alternatively, call 087 897 6970 to book. </span>
