Committees

• Global Investment Performance Standards (GIPS) Standing Committee
• Fund Mandates and Classifications Standing Committee
• Hedge Fund Standing Committee
• Fixed Interest and Money Market Standing Committee
• Responsible Investing Standing Committee

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The Life and Risk Business Board Committee

The primary purpose of this committee is to focus on all matters relating to risk, health, asset/liability matching and any other matters specific to the long term insurance industry. 

Standing Committees and Working Groups

• Medical and Underwriting Standing Committee
• Credit Life Standing Committee
• Risk and Disability Standing Committee
• Group Risk Standing Committee
• Health Care Standing Committee
• Claims Standing Committee
• Forensic Standing Committee
• Funeral Insurance Standing Committee
• Unclaimed Assets Working Group
• Micro-insurance Working Group

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The Marketing and Distribution Board Committee 

The primary purpose of this committee is to focus on all matters relating to retail and institutional products where there is a retail consumer using such products and includes the marketing of these.  This will include product development and customer disclosure matters. 

Standing Committees and Working Groups: 

• Distribution Affairs Standing Committee
• Foreign Collective Investment Schemes Standing Committee
• Universal Disclosure Standards Standing Committee
• Statistics Provider Standing Committee
• International Financial Services Trends Working Group
• Investor / Intermediary Research Working Group
• Treating Customers Fairly Working Group

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The Economics and Savings Policy Board Committee

This committee will focus on all forward-looking market, product and related policy architecture. It will seek to achieve meaningful progress in selected policy areas that contribute to the growth of the savings and investment landscape in South Africa and strive for competitive equivalence across industry sectors, and jurisdictional boundaries relevant to the South African market. This includes governance, transparency and taxation. In pursuance of the above, it will proactively engage policy makers and develop other strategic relationships relevant to its mandate.  Research to inform the above, should be undertaken. 

Standing Committees and Working Groups: 

• ESP Market & Product Architecture Standing Committee
• Social Security and Retirement Fund Reform Standing Committee
• Savings Forum Standing Committee 

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The Regulatory Affairs Board Committee

The primary purpose of this committee is to focus on all matters relating to any legislative, regulatory, legal, compliance and ethical issues, including the ASISA Code of Ethics.

Standing Committees and Working Groups: 

• FAIS Standing Committee
• FICA Standing Committee
• Retirement Fund Operations Standing Committee
• Tax Standing Committee
  • Life Office/Corporate Tax Working Group
  • Product/Customer Tax Working Group
  • Tax Administration/Compliance Working Group
• CISCA Review Working Group
• Consumer Protection Act Working Group
• Long Term Insurance Act Working Group
• National Credit Act Working Group
• Notice 1503 Working Group
• Protection of Personal Information Bill Working Group
• Regulation 28 Working Group
• Working Group on the Impact of Proposed Amendments to the Capital Adequacy Requirements for Linked Insureres
• Working Group on CIS Third Party Portfolios

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The Transformation, Skills Development and Education Board Committee

The primary mandate of this committee is to focus on all matters relating to the overall development of skills and transformation in the savings and investment industry. 

Standing Committees and Working Groups: 

• Access to Financial Services Standing Committee
  • Fundisa Access Working Group
  • Zimele Access Working Group
• Employment Equity, Skills Development and Education Standing Committee
  • Employment Equity Working Group
  • Skills Development Working Group
• Consumer Financial Education Standing Committee
• Procurement and Enterprise Development Standing Committee
• Empowerment Financing Working Group
• Reporting Standing Committee (Currently not active)

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The Technical and Operations Board Committee

This committee is mandated to cover the Financial Market Infrastructure, namely all technical (IT) and operational processes, procedures and controls relating to the market infrastructures utilized by ASISA members. This includes all issues relating to investment instruments, life office products and collective investment schemes.

The focus of the T&O board committee will be to provide investors and the ASISA members in the South African Investment and Savings market with a most efficient and effective market infrastructure. This will be achieved by eliminating as much of the operational and systemic risk in the primary and secondary markets as possible through standardisation; and to implement the appropriate market controls to manage any residual risk in the market processes.

In order to achieve the abovementioned, the T&O board committee will work in conjunction with other bodies and associations on behalf of members. In the event that future changes require broader engagement, then the T&O board committee will work jointly with other Board and Standing Committees to engage other stakeholders including the policymaker.

Standing Committees and Working Groups: 

• Valuations Standing Committee
• Accounting Standing Committee
• Reporting Standards Standing Committee
• Financial Market Operations Standing Committee
• Technology Standing Committee
• Payment Processes Standing Committee 
• Money Market Demat Working Group
• Corporate Actions Working Group
• Equities T + 3 Working Group
• Proxy Voting Working Group
• Bonds Working Group (currently not active)
• T&O Standards & Guidelines Working Group
• Tax Reclaim Working Group

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