FSCA appoint the new Divisional Executive for Conduct of Business Supervision
FSCA commissioner, Mr Abel Sithole has appointed Ms. Kedibone Dikokwe as the Divisional Executive: Conduct of Business Supervision, effective from 1 July 2019. This is the division that supervises the way financial institutions interact with their customers. In this role Ms. Dikokwe will oversee the implementation of the FSCA's supervisory program of financial products and service providers operating in South Africa, ensuring that they comply with the laws and standards addressing fair treatment of customers.
With nearly twenty years of regulatory experience, most of which were spent supervising collective investment schemes, Ms. Dikokwe brings vast knowledge and expertise in various aspects of financial regulation, including that of hedge funds, which came into effect in April 2015. Within the FSCA, she has been part of the Licensing and Conduct of Business working groups that re-engineered business processes to fit the Authority’s extended mandate. Ms. Dikokwe also sits on the Committee of Insurance, Securities and Non-banking Authorities (CISNA), a committee of financial regulators in Southern Africa.
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A calculation of the value of the profits that are expected to emerge from the portfolio of a life insurer at a point in time. This is usually calculated as the value of adjusted net assets plus the present value of profits from in-force business.