FSB head Jurgen Boyd said this was due to a delay in the signing of the proclamation to bring the Act into effect.

"We have been advised that this outstanding issue will be resolved by mid-March. The regulations under Cisca, although published in the Government Gazette on Friday with an effective date of March 3, will only come into effect on the same day that Cisca does.

"In the interim, the Unit Trusts Control Act and the current regulations remain in force."

Sapa