Costs order against FSCA for ‘irregular and unlawful’ debarment

The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.

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RE Fraud

We encounter a variety of attempts by a limited number of candidates to cheat the system. As evidenced by the example in a recent Appeal Board case, crime really does not pay. The […]

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Authentication of RE Certificates

We often receive queries from employers regarding the validity of RE certificates produced by prospective applicants. This is indeed wise, as we are aware of instances where people fraudulently replicate documents by means […]

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Let’s start at the very beginning

This line from “The sound of music” applies equally well to those who have written the level 1 REs on several occasions and failed. It may be wise to stand back, review what you […]

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Appeal Process

The FSB provided the following guidelines for RE candidates who wish to appeal: Candidates have the right to lodge an appeal in respect of the regulatory examination. Appeals are directed at the content […]

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DOFA Deadlines

The jury is still out on whether 30 June or 31 December is the final date for representatives appointed in 2012 and 2013, as discussed in Thursday’s Moonstone Monitor. The FSB is reviewing the practical […]

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Board Notice 260 of 2014

There appears to be conflicting opinion on whether the following change, announced in this BN, will be applied retrospectively: “(e) the representative must successfully complete the relevant first level regulatory examination by 30 June […]

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Work Your Plan

The huge spike in registrations of candidates for the final date of 30 June 2014 merely confirms the tendency to leave writing the REs to the last minute. It is almost as if some people […]

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Updated Preparation Material

The updated Juta Pocket Statutes edition of the FAIS Act is now available. LexisNexis also updated their Legislation Handbook and Preparation Guide for the RE 1 and RE5 exams. Queries about the latter […]

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June 30 Deadline

All those who are required to successfully complete the level 1 Regulatory Examinations by the end of June should note that the final dates for registration are: • Permanent Centres: 13 June • […]

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Write Wisely

Studying for the regulatory examination is not the only preparation you should do in order to achieve success. Knowing what to expect when you enter the exam room will equip you with a […]

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Fraudulent RE Certificates

Candidates who pass the level 1 regulatory examination are issued with certificates which record this fact. These documents contain a number of security features to avoid fraudulent use thereof. Details of this cannot, […]

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Foreign FSP Registration

Foreign FSP Registration A Foreign representative is recorded on the Registrar’s database using his/her passport number as identification. Unfortunately, each time a passport is renewed, a new passport number is issued. The Registrar’s […]

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On-Line Access to RE Status

In December, the FSB announced an on-line facility which allows FSPs to verify the RE status of Key individuals and Representatives. The circular provides step-by-step guidelines on how to access the information pertaining […]

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