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CPD game plan not an optional extra – FSCA clarifies requirements
The last week of May 2019 will be remembered for three things by South Africans. Firstly the rush ...
industry news
The Trust Dilemma – Earn CPD hours when you attend
Did you know? You will receive 5 CPD hours on completion and successful pass of the final assessment when you attend Moonstone’s Trust Dilemma training. Yes, the course is accredited by the FPI and thus qualifies as a verifiable CPD activity towards the accumulation of CPD hours as required by the FSCA. For those in […]
best practice
CPD – two month exemption to comply
Last week the FSCA published the Exemption from Continuous Professional Development Requirements, 2019 – No 2 of 2019 on its website. The purpose of the Exemption is to allow financial services providers, key individuals and representatives who did not comply with the CPD requirement on the 31st of May, until 31July 2019 to comply with requirements set out in the Determination […]
technologically speaking
Artificial Intelligence – Friend or foe?
The world of technology has evolved over the last few years. First, we watched movies on television, now we stream in via the internet. In the same way, we are increasingly adapting to Artificial Intelligence (AI). But what is AI? According to tech dictionaries, AI refers to the simulation of human intelligence in machines that […]
compliance and legislation
Long Term Ombud Annual Report – Cases resolved in favour o …
“We received 11 768 written requests for assistance, including 5 978 chargeable complaints. In total, 3 367 cases were finalised, of which 31.5% were resolved wholly or partially in favour of complainants”, Judge Ron McLaren, Ombudsman for Long Term Insurance shares in the just-released 2018 Annual Report. He highlighted the following: 91% of complaints were […]
FSCA News – Website down as a result of maintenance
There will be planned maintenance of ICT systems, starting on Friday 7 June 2019 at 17:00, until Sunday 9 June 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible during this time.
CPD – FSCA answers your questions about non-compliance
It is critical for everyone to familiarise themselves with the answers to some very relevant and important questions. Let’s focus on a few responses from the FSCA: What happens if the FSP/ key individual / representative do not meet the CPD hour requirement by the end of a CPD cycle? Non-compliance with any competence requirement […]
CPD – The rationale for the extension
The deadline for meeting the CPD requirement was extended from 31 May 2019 to 31 July 2019. Does this mean that the next CPD cycle will only commence on 1 August 2019? No, the CPD cycle was not extended. Persons have merely been given an additional two months to comply with the CPD cycle ending 31 May 2019. The exemption granted – ● […]
CPD game plan not an optional extra – FSCA clarifies requi …
The last week of May 2019 will be remembered for three things by South Africans. Firstly the rush and urgency by FSPs, key individuals and representatives to ensure that they were compliant with the CPD requirements, secondly the bad start to the Cricket World Cup by the Proteas and thirdly, the FSCA’s two month exemption […]