Chair: Dawie de Villiers
Deputy Chair: Iolanda Ruggerio
ASISA point person: Adri Messerschmidt

The primary purpose of the Regulatory Affairs Board Committee (RABC) is to focus on matters in respect of legislative, regulatory, legal and compliance issues related to the financial sector regulatory framework.

Key Focus Areas

• Conduct of Financial Institutions Bill.
• Taxation of regulated investment portfolios / CIS Tax Policy.
• Retirement Reform Two-Pot System.
• FSCA Discussion Paper:  A framework for unclaimed financial assets in South Africa.

STANDING COMMITTEES AND WORKING GROUPS: 

• CIS
• FICA
• Tax
• Working Groups

CIS STANDING COMMITTEE

ASISA point person: Adri Messerschmidt

The CIS Standing Committee co-ordinates regulatory matters relating to collective investment schemes.

FICA STANDING COMMITTEE

ASISA point person: Adri Messerschmidt

The committee considers legislative and regulatory regimes intended to combat money laundering and the financing of terrorism.

TAX STANDING COMMITTEE

ASISA point person: Angus McDonald

The committee considers applicable tax legislation and any amendment and practical application thereof.  

Life Office/Corporate Tax Sub-Standing Committee
The committee considers tax on life insurers and corporate tax in general.

Product/Customer Tax Sub-Standing Committee
The committee considers tax matters and related exchange control matters relevant to financial products and consumers of the products. This Sub-Standing Committee reports to the Tax Standing Committee.

Tax Compliance/Administration Sub-Standing Committee
The committee considers matters related to withholding taxes, payroll taxes and third-party reporting requirements (including FATCA Common Reporting Standards), to assist with compliance with relevant tax laws, related administration, and reporting requirements.

WORKING GROUPS

• BN90 Interim Amendments Working Group (CIS Standing Committee)
• Conduct of Financial Institutions Bill Working Group
• Draft Conduct Standard for CIS Managers Working Group (CIS Standing Committee)
• FATCA CRS Working Group (Tax Compliance/Administration Sub-Standing Committee)
• Global Minimum Tax Working Group (Life Office/Corporate Tax Sub-Standing Committee)
• IT3 Monthly Reporting Working Group (Tax Compliance/Administration Sub-Standing Committee)
• Monthly PAYE Reporting Working Group (Tax Compliance/Administration Sub-Standing Committee)
• Pension Funds Act Benefit Projections Working Group
• Pension Funds Act Conditions for Benefit Administrators Working Group
• Two-Pot Strategy Working Group
• Two-Pot Technical Working Group (Two-Pot Strategy Working Group)
• Tax IFRS17 Sub-Working Group (Life Office/Corporate Tax Sub-Standing Committee)
• Unclaimed Assets Discussion Paper Working Group
• VAT Modernisation Discussion Paper Working Group (Life Office/Corporate Tax Sub-Standing Committee)

ASISA Nominations Procedure