Financial Sector Code (FSC)
The FSC has been gazetted for public comment until 16 May 2016. Final gazetting is expected at the end of June or early July, with the revised FSC becoming effective on the date of final gazetting.
The SAIA is in the process of revising the Access Standards to allow members flexibility in designing products for the low-income market. The Access Standards will come into effect on the same date the revised FSC becomes effective.
For more information contact Leila Moonda, GM Governance and Transformation: Leila@saia.co.za