The intention is to have a Code of Ethics and Conduct for all ASISA members and a number of specific Standards which members are expected to abide by. This Code and the Standards will complement the Financial Services Board (FSB) Treating Customers Fairly (TCF) framework, and adherence by members will assist them to demonstrate that they are embedding a TCF culture within their organisations.
By adhering to these, 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 these will be voluntary but are strongly encouraged; they will provide a guide to what is considered to be industry best practice in certain areas.
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STATEMENT OF COMMITMENT TO THE FX GLOBAL CODE
The Association for Savings and Investment South Africa (ASISA) has reviewed the content of the FX Global Code (Code) and acknowledges that the Code represents a set of principles generally recognised as good practice in the wholesale foreign exchange market (FX Market). ASISA confirms that its members act as Market Participants as defined by the Code, and are committed to conducting FX Market activities (Activities) in a manner consistent with the principles of the Code. To this end, the members of ASISA have taken appropriate steps, based on the size and complexity of their Activities, and the nature of their engagement in the FX Market, to align their Activities with the principles of the Code.
Responsible Investment is a set of investment and ownership practices that intentionally integrates any factor that may materially affect the sustainable performance of a fund’s assets, including factors of an environmental, social and governance character.
Responsible investment and ownership practices:
Responsible Investment and ownership practices are informed by investment philosophy or specific client mandate requirements.
Principles for Responsible Investment - www.unpri.org/
The Global Investment Performance Standards are ethical standards developed to guide investment management companies worldwide when calculating and presenting historical investment performance to prospective clients.
The GIPS standards promote full disclosure and fair representation of investment performance results, providing prospective investors around the world with the transparency they need to compare and evaluate investment managers.
The standards have been adopted in 31 countries, including South Africa, and are recognised around the world for their unparalleled credibility and integrity. The GIPS standards are promoted within each of these countries by a country sponsor.
ASISA was appointed as country sponsor of GIPS in South Africa in September 2008.
As the GIPS country sponsor for South Africa, it is ASISA’s duty to:
For more information, please visit: www.gipsstandards.org
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ASISA Standard on the Life Register (under revision)
ASISA Standard on the Claims Register (under revision)
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