• RSA FSCA informed collective investment scheme (CIS) managers and trustees about changes to the RSA FSCA's approach to conducting criminal verification checks.
• Re directors and significant owners, who are natural persons, of CIS managers.

Revised Approach

• Revised process for conducting criminal verification checks through the use of an independent service provider, Managed Integrity Evaluation (Pty) Ltd (MIE).
• Upon receipt of an application for registration as CIS manager or approval of a change in directors or shareholding of CIS manager, verification checks will be done by MIE.
• In order for MIE to conduct verification checks, RSA FSCA will, instead of the submission of police clearance certificates, require the fingerprints of relevant persons.
• MIE has more than 100 fingerprint zones across the country and so the vetting process will be conducted manually in all these designated zones on an appointment basis.
• If not a South African citizen, residing within/outside South Africa, then contact with FSCA must be made directly for guidance on steps to follow for the verification checks.
• Circular 16 is no longer applicable and is hereby withdrawn.