ASISA STANDARDS

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.

• Asisa Statistics Standard
• Appendix A - FCIS Template
• Appendix B - LISP Master Statistics
• Appendix C - Life Stats - Life Insurers
• Appendix D - Life Stats - Reinsurers

Long Term Insurance

• Asisa Standard on Disclosures for Critical Illness Products
• Asisa Standard on Living Annuities

Collective Investment Scheme Industry

• Fundisa Fund Standard, August 2009

Collective Investment Scheme Industry

• 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
• ACI 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