Opinion

Impact of SAM framework on South African private investment funds

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The Financial Services Board (FSB) has finally reached the implementation phase of the Solvency Assessment and Management (SAM) framework and insurers are expected to be ready to comply with their SAM obligations.  So far, discussions around the implications of SAM have centered largely around insurers, with little focus on other significant industry players, such as private investment funds in which insurers may invest their capital.