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Member notices: Proposed tightening of controls on cell captives

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The authorities have released the attached notice along with a proposal on cell captives which was actually formulated several years back with quite extensive engagement with industry.

This is unlikely to affect many FIA members as cell captives are not widely used by most brokers.

Anyone who is interested in the documents can access them via the following link:

 

Any queries may be directed to our, National technical portfolio manager, Peter Atkinson on peter@fia.org.za