Platforms may have to do extra checks on funds they offer
Watchdog is reviewing the responsibility of service providers to investors, particularly where they draw up buy lists
06 August 2019 - 05:08
Though SA investment platforms claim they do extensive due diligences on the unit trust and other funds they list, the financial services regulator is considering setting clear requirements for the due diligences.
Even if thorough due diligences are conducted in line with regulations, it doesn’t mean investments can’t fail, but the millions of SA investors who use these platforms may enjoy a greater level of accountability from financial institutions that provide easy access to funds...
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