Conduct of Financial Institutions (COFI) Bill 2018 – draft

The National Treasury invites you to comments on the draft Conduct of Financial Institutions (COFI) Bill 2018, which is published today together with an explanatory policy paper that sets out the policy rationale for the COFI Bill.

The COFI Bill is the next phase of the legislative reforms aimed at strengthening the regulation of how the financial services industry treats its customers. The Bill follows the Financial Sector Regulation Act (FSRA) No 9 of 2017, which established two new authorities with dedicated mandates. The two new authorities are the Prudential Authority (PA) which manages prudential risk (financial health), and the Financial Sector Conduct Authority (FSCA) which manages the market conduct risk across all financial institutions. Both regulators became operational on 1 April 2018.

You are invited to provide suggestions or comments in support or objection via the form below. Should you be unsure, please read the live comments, media, summary or documents below.   Closing date is Monday, 1 April 2019.

26 active citizens in this campaign, so far

Add your comment now.

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The Feeds and Pet Food Bill has been drafted to provide for:

the regulation of feed and pet food;
the regulation of feed ingredients used in the manufacturing of feed and pet food;
the licensing or registration of facilities used for the manufacturing of feed or pet food;
the appointment of a Registrar to administer the Act;
the appointment of advisory committees, advisers, assignees, auditors, and inspectors to assist the Registrar in the exercise of his or her powers in the regulation, compliance monitoring and enforcement of this Act.

RECOGNISING –

the need to ensure the manufacturing of safe feed for animals intended for human consumption;
the need to ensure the manufacturing of safe pet food intended for companion animals;
the critical role that feed play in food safety, nutrition and food security;
the need for a traceability system within the feed and pet food industries.

AND IN ORDER TO –

protect the consumers and users of feed and pet food;
disseminate an efficient and effective traceability system;
ensure compliance with food safety requirements.

LIVE COMMENT FEED

Displaying newest 5 comments sent.

Gerard
Yes, I do approve.
We should care for our pets
Kim
Yes, I do approve.
Yes, I approve. We have sufficient resources, opportunity, and people in South Africa to bring this and more into fruition. A little collaboration will go a long way.
Kim
Yes, I do approve.
I am shocked there is not a bill already in place. We need to take care of our animals. They don't have a voice so we need to be their voice.
Dorian
Yes, I do approve.
Truly, I think it is self-explanatory, our responsibilities are 360, meaning we have to look after everything and that includes our animals and pets. Most people of ignorant of what animal feeds consists of and whether its good or not, as we are with our own food which is regulated so it goes without saying it is governments responsibility to have such regulation.
Michelle
Yes, I do approve.
I approve of this regulation if it will be used to control & better the food of our animals, and in a more humane way

DOWNLOAD DOCUMENTS

Important to note; this is not a petition but is the first step in an essential Participative Democracy process protected under the SA Constitution. Your comment is immediately sent as a unique email to the designated government representative and must, by law, be acknowledged and considered. Had this been a petition, all comments would be seen as a single collective submission.

By using this service you ensure an accurate record is held by civil society (on our encrypted database) so government cannot dispute facts or figures. This process forms a solid foundation for a legal case should the necessity arise.

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