22 March 2016
Regulated entities under the Financial Services Regulatory Authority Capital Markets division recently convened for a stakeholders meeting at a local hotel to deliberate on key industry issues for the year. Inhlonhla was represented by its Risk and Compliance Officer Sandile Ndlovu.
The FSRA Chief Executive Officer Sandile Dlamini who was chairing the event touched on topical issues namely the impact of government expenditure on capital projects and the implementation of the 50 % of local asset requirement as encapsulated in the Securities Act.
Additionally he announced that exempt dealers who were formerly regulated by the Central Bank will now be regulated by the FSRA and the Central Bank collectively and urged regulated entities to pay their registration fees timeously to the FSRA.
Furthermore he announced the automation of the FSRA through a system acquired from the Central Bank of Mozambique outlining how this system will enhance convenience in the regulation of the Swaziiland Financial Services Industry.Uploaded 10 months ago