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Investments Board Committee Town Hall Meeting June 2013

Investments Board Committee Town Hall Meeting June 2013. Sunette Mulder. Inward Listings. 2011 – Inward listed equity deemed domestic, bought and sold in ZAR, held in local register Now the process has started for other instruments to follow, e.g. bonds, ETFs

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Investments Board Committee Town Hall Meeting June 2013

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  1. Investments Board Committee Town Hall Meeting June 2013 Sunette Mulder

  2. Inward Listings 2011 – Inward listed equity deemed domestic, bought and sold in ZAR, held in local register Now the process has started for other instruments to follow, e.g. bonds, ETFs There have been some issues with preference shares, SARB to deal with these on case to case basis Issue with Platinum ETF & BN 80 – issuer to deal directly with FSB to clear up this issue

  3. SA Financial Centre, incl. Excon Budget 2013 – Gateway to Africa focus Post ASISA Conference renewed focus on Exchange Control Meeting with NT/SARB May 2013 to discuss various deliverables Set up an ASISA Task Team to draw up a paper for NT/SARB Ultimate goal to ease doing business for ASISA members and make SA attractive as a Financial Centre

  4. Global Investment Performance Standard (GIPS) ASISA is Country Sponsor for GIPS in SA GIPS Handbook (3rd ed) released by CFA Institute end 2012 – updated for GIPS 2010 & all Guidance Statements Downloadable from www.gipsstandards.org for free Order hardcopy from CFA Institute @ $40 Newly released “Draft Guidance Statement on Application of the GIPS Standards to Pension Funds, Endowments, Foundations, and Other Similar Entities.” Open for comment to 1 August 2013

  5. Hedge Fund Regulation Consultation paper released by NT/FSB Aug 2012 ASISA sent in submission November 2012 Expect further consultation June 2013 – raised again with FSB Hedge Fund tax statement in Budget 2013 ASISA has engaged on this tax statement with NT/SARS/FSB and provided information on the Hedge Fund Industry

  6. Responsible Investment, incl. CRISA First reporting date for CRISA 31 January 2013 CRISA Committee released Practice Note on Disclosure January 2013 Working on Model Mandate for ESG Investment UNPRI Global Conference hosted in Cape Town 1&2 October 2013 – significant discounts offered to SA firms to attend (www.unpri.org) Followed by ICGN Event 3&4 October 2013 (www.icgn.org)

  7. OTC Derivatives Regulation • Steering Committee to oversee process • Working groups under NT/FSB • Registration & Code of Conduct Working Group • Central Reporting Working Group • Central Clearing Working Group • ASISA representatives on Steering Committee & Working Groups • ASISA has an OTC Working Group to provide input to process

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