SAIFM is proud to present our keynote speaker for the 3rd annual Regulatory summit, renowned scenario planner and futurologist, Mr Clem Sunter. South Africa is facing unprecedented uncertainty and risk in view of global economic and political instability coupled with the volatile South African political and economic landscape. Having captured the risks and impact of the anti-establishment emotions sweeping America and Britain in his recent book Flagwatching, Mr Sunter is well placed to provide context to the challenges we face in South Africa.

Radical and rapidly evolving risk: can financial regulators keep up?

SAIFM 3RD REGULATORY SUMMIT22 September 2016 | Hyatt Regency

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Regulators inevitably have to play catch-up as innovations in business models, processes and technology evolve rapidly and radically thereby introducing risks not formerly encountered and thus not factored into regulatory strategies. In addition, unquantifiable uncertainty adds further layers of complexity that seem impossible to understand, anticipate or manage. Extreme events of social, financial or political nature also introduce risk and uncertainty that may lead to financial instability and meltdown. This is of particular concern to financial regulators as these risks and uncertainties often cannot be anticipated but only responded to, generally belatedly.

With agile financial operators being able to outpace regulators rapidly and comprehensively, directors, executives, compliance and legal professionals are often held accountable for financial acrobatics which they did not fully grasp at the time.

As regulators, directors, executives and compliance professionals are not always at the forefront of product or system development, new products, systems and methods may be difficult to supervise. It is thus essential that regulators, businesses and professionals inform themselves of the risks and uncertainties introduced

by these new systems, methods and products that sometimes could be purposely opaque and layered!

Conduct risk and consumer protection in particular are becoming matters of great concern to regulators. Technological change has brought new risks and opportunities in this field. In practice consumer protection often depends on the challenges inherent to systems architecture, applications and data management as much as it is an issue for compliance officers.

Cyber risk is closely related and often conflated with conduct risk issues and constitutes a significant and growing risk to the integrity, efficiency and soundness of financial markets worldwide. As a result, it is a major driver of regulatory change. According to the IOSCO report released in April 2016 for comment, it is a unique, highly complex and rapidly evolving phenomenon that should receive urgent attention by regulators.

How should compliance and regulatory professionals prepare for the challenges ahead? How should the business community, investors and financial market practitioners weigh up the risks and opportunities that inevitably follow great change

ABOUT THE CONFERENCE

SAIFM 3RD REGULATORY SUMMIT

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8:15 Registration and early morning refreshments

8:55 Welcome and opening remarks

9:00 Keynote addressSouth Africa is facing unprecedented uncertainty and risk in view of global economic and political instability coupled with the volatile South African political and economic landscape. What does this mean for the business community and financial markets in particular?Clem Sunter, Scenario Planner and Futurologist, Mindofafox

10:30 Conduct of Financial Institutions BillOverview of the proposed Conduct of Financial Institutions Bill and how the provisions of this Bill is expected to impact financial institutions. How will the conduct of financial institutions be regulated differently from the current regulatory regime? Katherine Gibson, Chief director: Market Conduct Regulation, National Treasury

11:10 Mid-morning refreshments and networking

11:30 New stock exchangesWhat would this mean for the financial markets including issuers and investors. Moderator: Christo Luüs, Chairman, SAIFMLeanne Parsons, Director: Trading and market services, JSEEtienne Nel, CEO, ZARXKevin Brady, CEO, A2X

12:15 Perspectives on risk & regulation: a banking focusGlobal risks, regulatory trends in banking, BCBS requirements and proposals, operational risk, cyber risk, conduct risk, stress tests, CCAR & capitalFrancois van Dyk, Marsh & McLennan

12:55 Lunch and networking

13:40 Cyber risk Regulatory approaches to cyber security in financial markets and the challenges in responding effectively to the threats. Dale Connock, Head: Risk, Strate

14:20 The derivatives marketRegulatory reform of the over-the-counter derivatives market in South AfricaIngrid Goodspeed, Governance and risk analyst

15:00 Mid-afternoon break and networking

15:15 The post T+3 worldHow has the reduction of the settlement cycle impacted investors and financial market practitioners. Would it reduce settlement risk.Dr Alicia Greenwood, Director: Post trade and information services, JSE

15:55 Alternative investmentsAn overview of the regulatory framework applying to selected alternative investments and the tax implications associated with such investmentsProf. Pieter van der Zwan, North West UniversityPhilip Steenkamp, North West University

16:35 Closing remarks and close of the summit

SAIFM 3RD REGULATORY SUMMIT

THE PROGRAMME

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Date 22 September 2016

Time 08h15 to 16h40

Venue Hyatt Regency, Rosebank

Parking Basement parking will be available. For map and directions, please visit www.saifm.co.za/summit.htm

INFO TO TAKE NOTE OF

Cancellations

Any cancellations received before 8 September 2016 will be subject to a 50% cancellation charge. Cancellations received after 8 September 2016 will be subject to a 100% charge.

Substitutions are permitted, provided written notice has been received at least 2 business days before the event.

Disclaimer

SAIFM has the right to change the programme and venue if deemed necessary.

Brand association opportunities

Should you be interested in advertising opportunities, kindly contact Christie-anne van Wyngaardt via email christie@saifm.co.za or telephone +27 11 802 4768.

EVENT INFO

Travel Any travel and accommodation costs are for the account of the delegate

Details

WHEN TO GO, WHERE TO GO

Registration for individuals as well as groups can be done online at www.saifm.co.za/summit.htm or by completing the attached registration form and faxing to +24 11 802 3476.

For any assistance with registrations please contact us on +27 11 802 4768 or email summit@saifm.co.za.

Upon registration, SAIFM will issue an invoice, which can be paid via Electronic Funds Transfer or via Credit Card.

DISCOUNTS

Members of SAIFM can enjoy a discount of up to 15% off the cost of the summit depending on the class of membership.

See below for more information of SAIFM Membership classes and the requirements thereof.

Costs

SAIFM Members R3200.00 excluding VAT

R3648.00 including VAT

SAIFM Affiliate Members R3500.00 excluding VAT

R3990.00 including VAT

Non-members R3780.00 excluding VAT

R4309.20 including VAT

Registration & Payment

Delegates will also have the opportunity to purchase Clem Sunter’s new book, Flagwatching, at a discounted price.

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BECOME A MEMBER OF SAIFM

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SAIFM strives to promote the financial markets industry and the practitioners (including corporate entities) who are active

in the industry by providing professional training and other activities with a view to promote the objectives specified in the

Charter. Membership therefore should encompass the broad spectrum of activities in the markets and provide the possibility of

progression through the various classes of membership.

AFFILIATE MEMBERThis class of membership is intended to serve as an entry into the financial markets industry.

An affiliate member shall be entitled to the following benefits of affiliate membership:

• making use of the Institute’s examinations

• participating in training workshops for general education or in preparation for examinations with the appropriate discount

relevant to this class of membership

• attending conferences with the appropriate discount relevant to this class of membership

• receiving the Institute’s online magazine, advertisements for positions in the financial markets and any other newsletters

that the Institute may issue

• participating in any other activities that the Institute may offer to further its main objectives, including continued

professional development (CPD) initiatives

• attending the annual general meeting to participate in discussions but with no voting rights.

Becoming an affiliate member is as simple as reading and agreeing to adhere to the SAIFM Code of Conduct, and such

agreement can be indicated by checking the appropriate box when registering for any SAIFM event or examination.

The SAIFM Code of Conduct can be found on our website, www.saifm.co.za

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FULL MEMBERThis class of membership is intended to provide recognition to persons who have achieved certain minimum levels of knowledge

and understanding of the financial markets by having passed certain examinations required to fulfil particular functions in the

financial markets or having achieved such other equivalent or superior qualifications as the Board in its sole discretion may allow.

A full member shall be entitled to the following membership benefits:

• making use of the Institute’s examinations

• participating in training workshops for general financial markets education or in preparation for examinations with the

appropriate discount relevant to this class of membership

• attending conferences with the appropriate discount relevant to this class of membership

• receiving the Institute’s online magazine, advertisements for positions in the financial markets and any other newsletters

that the Institute may issue

• participating in any other activities that the Institute may offer to further its main objectives, including continued

professional development (CPD) initiatives

• attending and voting at the annual general meeting

• using the appellation MIFM after his or her name.

To be eligible to apply for full membership of SAIFM, the applicant must have achieved the two compulsory and any one of

the elective RPE modules, or possess a qualification accepted as equivalent or superior to the RPE by the Board of Governors of

SAIFM.

Application forms for Full Membership can be downloaded from www.saifm.co.za

CONTACT USTel: +27 (0) 11 802 4768

Email: summit@saifm.co.za

Web: www.saifm.co.za