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CPD Fit and Proper requirements – Don’t get caught in the rain again
The annual CPD cycle ends on 31 May 2019. With only a few days left to attain your required number ...
industry news
Your DOFA and RE deadline – Have you scheduled your exam i …
Moonstone receives many queries about the deadline for Regulatory Exam requirements. To answer this and all FAIS related questions, FSPs and Representatives always need to take note of all Notices released by the FSCA: updates, exemptions and withdrawals of previous Notices. FAIS Notice 86 of 2018 states that a supervised Representative must complete the applicable […]
best practice
Cyber insurance – A first priority for SMEs
Late last year, Business Report shared that according to the global Cyber Exposure Index, South Africa currently has the sixth highest average exposure to cybercrime, with businesses in the industrial and financial sectors being the most commonly targeted by cybercrime attacks. Another similar report revealed that around 61 percent of small businesses experienced a cyber-attack […]
technologically speaking
Online marketing – What are the common mistakes that finan …
In a recent blog post, Jack Waymire shares 10 common mistakes when it comes to online marketing for financial advisors. “You’re a financial advisor and you’re online – that’s great! But are you online correctly?”, asks Waymire. He mentions that many financial advisors jump into the world of online marketing without knowing exactly what they […]
compliance and legislation
Financial Services Tribunal – When can I refer a FAIS Ombu …
In the past editions, we have published many articles on the outcome of various FAIS Ombud as well as Financial Services Tribunal decisions, highlighting legislation and regulatory requirements as well as many guidelines for financial advisors. But when can a matter be referred to the Financial Services Tribunal? What does a FAIS Ombud determination mean? […]
Ombudsman for Banking Services report – Increase in nu …
The Ombudsman for Banking Services (OBS) published its annual report, showing an increase in the number of complaints received. According to Chairman, Advocate John Myburgh, the statistics for 2018 demonstrate that the need for the dispute resolution services of the OBS is still on the increase. During the year under review, the office received more […]
CPD Fit and Proper requirements – Don’t get caught in th …
The annual CPD cycle ends on 31 May 2019. With only a few days left to attain your required number of FAIS related CPD hours for the current CPD cycle, it’s also a good time to start scheduling your CPD activities for the cycle that commences on 1 June 2019. CPD unpacked In terms of the Fit & Proper […]
Strong CIS inflows – Industry stats show high positive …
The local Collective Investment Schemes (CIS) industry reported strong net inflows of R52.8 billion in the first quarter of this year, the third highest quarterly net inflows recorded in five years. This is according to statistics released by the Association for Savings and Investment South Africa (ASISA) last week. “Year-on-year the local CIS industry also […]
Cyber Crime affecting your business? – Five tips to preven …
The Internet, mobile phones, and other current computer technologies link people and businesses together like never before. There are numerous prevention methods, but here are 5 ways to prevent Cyber Crime from affecting your business. The Insurance Crime Bureau recently shared these universal steps that businesses can take to reduce the likelihood of an attack. […]