New Proposals affecting Compliance Officers

Two new draft Board Notices were published by the FSB last week. The first aims to provide clarity on what will be required of current Compliance Officers in terms of regulatory exams, while the second addresses the matter as it relates to Compliance Officers under supervision. Notice on Qualifications, Experience and Criteria for Approval as […]

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Can I change my tenant’s locks?

“I’ve been leasing a small townhouse to a young tenant. Unfortunately, the tenant is terrible at paying his rent and offers excuse after excuse. I’m fed up with the situation and just want him out. Can I change the locks when he is at work?” Please click here to read the article, posted with the […]

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Utilisation of Medical Services

The Council for Medical Schemes (CMS) carried out an analysis on the utilisation data of health services during the calendar years 2013 and 2014, based on the data provided by medical schemes through the Annual Statutory Returns in 2015. The utilisation of health services was divided into three main components, namely, hospitalisation, providers and medicines. […]

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When is a debarment not a debarment? Part 3

This is the third and final article in a series by Alan Holton of Compliance Monitoring Systems, and a Moonstone Compliance associate, on this very contentious issue. What is a possible remedy? It is trite law that the duty and power to debar a representative in terms of section 14(1) was given by the legislature […]

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SA Football shows the way

Sports Minister, Fikile Mbalula, on Monday said: “I have resolved to revoke the privilege of Athletics South Africa (ASA), Cricket South Africa (CSA), Netball South Africa (NSA) and South African Rugby (SARU) to host and bid for major and mega international tournaments in the Republic of South Africa as a consequence of the aforementioned federations, […]

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Springbok emblem in the crosshairs again

We normally refrain from mixing politics with sport in this column. My comments below should also not be construed as political, but rather as a practical perspective on a few issues that should never even have been raised. The fact that government has distanced itself from recent comments in this regard confirms my view. During […]

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FAIS Ombud

When is a debarment not a debarment? Part 2

Alan Holton of Compliance Monitoring Systems, and a Moonstone Compliance associate, continues his in-depth look at this very contentious issue from a legal perspective. The FSB produced a GUIDELINE ON THE DEBARMENT PROCESS IN TERMS OF SEC 14(1) dated 05 November 2013. This document states the following at paragraph 3(i) Providers must obey the law and must […]

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Proposed amendments to the Exemption i.r.o. COs under Supervision

In terms of the Exemption, a supervisee who does not meet the required experience and regulatory examination requirements on approval, may render compliance services under supervision whilst obtaining the required experience and regulatory examination. The maximum period a person may render services under supervision is three years. The Exemption is amended to provide that a […]

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