Codes, Standards and Guidelines 

• The intention in future is to have a Code of Ethics and Conduct for all members and specific Standards which will be compulsory for members.  By adhering to these Standards, members will undertake to develop processes and products that provide clients with a quality assurance that goes beyond the legislative and regulatory framework.  Compliance with ASISA Guidelines will be voluntary but strongly encouraged; they will provide a guide to what is considered to be industry best practice in certain areas. This intended outcome has not been finalized and as a result there is only one compulsory Standard at present, the Standard on Disclosures for Critical Illness Products. All other Standards, as they go through the process below, will be voluntary for ASISA members until further notice.
• All the Codes, Standards and Guidelines of the former associations are being reviewed, combined or removed.  Working groups under the relevant board committees have been set up to do this work.
• Following this, those that will be retained are to be checked by ASISA, with assistance from ENS, for compliance with The Competition Act.

ASISA will also engage with the FSB to get input and support. Thereafter the Standards will need to be approved by the relevant Board Committee as well as the ASISA Board.  The FSB is in engagement with the Competition Commission about the status of industry Codes.

ALL ASISA Members

• Asisa Standard on Complaints Resolution
• Asisa Statistics Standard
  
  

Long Term Insurance

•  ASISA Standard on Replacement-January 2012
  •  Annexure 7 - December 2011
  • Updated Replacement Policy Advice Record (RPAR) - English
  • Updated Replacement Policy Advice Record (RPAR) - Afrikaans
•  Standard on Genetic Testing
• ASISA Standard on Medical Requirements - January 2012
•  ASISA Standard on the Life Register - December 2011
•  Standard on Claims Register - new notification requirements effective from 1 January 2012 with a 12 month phasing in period
• HIV Testing Protocol’ – members please note that HIV post - test counselling via call centre to be phased in over 12 months from 1 January 2012.
• Asisa Standard on Disclosures for Critical Illness Products (effective 1 June 2011)
• Asisa Standard on Living Annuities
  • Asisa Standard on Living Annuities - Questions & Answers
  • Asisa Standard on Lving Annuities - Template
    
    

Collective Investment Scheme Industry

• Fund classification Standard, November 2011
• Fundisa Fund Standard, August 2009

• ACI Standard - Pricing and Valuation, 1 November 2008
• ACI Standard - Calculation and Publication of Total Expense Ratios (TER) - July 2008 V2
• Dealing with valuation and administration errors
• ACI Standard - Reporting of Prices on Collective Investment Schemes
• Treatment of Taxation and CGT Reporting
• Third Party Portfolios and Co-Branding
• Modified Duration and Calculation of Weighted Average Maturity
• Compliance with Foreign Regulations
• Performance Fee Standard
• Manager Transactions in Participatory Interests of Own Scheme
• Standard on Foreign Exchange Reporting Compliance
• SARB ECC D458
• SARB ECC D427
• SARB ECC D403

Templates

• Supplemental Deed
• ASISA Mandate Template
• Main Deed CIS in Securities
• Main Deed CIS in Property

Supplementals

• Model Deed to Change Valuation Point of Scheme Final
• Guideline for CISCA Supplementals
• Annexure D - Specimen Supplemental
• Annexure C - Specimen Supplemental
• Annexure B - Specimen Supplemental
• Annexure A - Specimen Supplemental
• Annexure E2 Specimen Supplemental Managers Charge SP 20050919.pdf

Amending the definition of manager’s charge and service charge. Also, the amendment of the method of calculation of these charges in a Scheme that does not have multiple classes

• Annexure E1 Specimen Supplemental Managers Charge MP 20050922

Amending the definition of manager’s charge and service charge. Also, the amendment of the method of calculation of these charges in a Scheme that have multiple classes