The Financial Advisory and Intermediary Act (No.37 of 2002) (FAIS) was promulgated into law in 2002 and its purpose, as per its preamble, is “to regulate the rendering of certain financial advisory...
On the very last page of my Law of Contracts textbook is an innocuous section titled: “Supervening Impossibility”. Next to that, is a note in red saying: “DO NOT LEARN”.
Stakeholder activism has traditionally been associated with equity investment, but with investors (and asset managers) seeking ways to protect against the downside risk of the listed equity markets and to access diverse return sources, the use of alternative asset classes has become more attractive.
The Conduct of Financial Institutions Bill (“COFI”), which is expected to be tabled in Parliament this year, is said to represent the next phase of legislation aimed at remodelling the financial sector framework toward a Twin Peaks model.