COFI, TCF and Succession: How Sole Prop FSP’s Can Plan For The Future
With the Conduct of Financial Institutions (COFI) Bill set to reshape the financial services industry, sole proprietor Financial Services Providers (FSPs) may want to reconsider their business structure. This article explores how converting to a private company, such as a (Pty) Ltd, could offer both regulatory and operational benefits under COFI. The draft versions of…