industry news
Investment Analyst Awards – Financial Mail and IAS winners …
Financial Mail Top Analysts Last week, the 51 awards in the 45th annual Financial Mail Top Analyst Awards were announced. This recognition, in association with Iress, the JSE, and the CFA Society South Africa, recognises and awards South Africa’s top analysts in the institutional stock broking industry. “It’s been a remarkably challenging period for analysts, […]
best practice
COVID-19 impact – Extension granted for certain compliance …
In response to the impact of COVID-19 and the nationwide lockdown on South Africa in general, and the financial services industry specifically, the Financial Sector Conduct Authority (FSCA)announced various extensions. These include the Financial Markets Act as well as Conduct of Business returns. Financial Markets Act of 2012 FSCA Communication 40 OF 2020 (FM) states […]
technologically speaking
Shifting your communication online – Social media best pra …
As events around the coronavirus continue to evolve, many advisors have realised the importance of proactive communication with their clients. The means of the communication has also changed as more communication are actioned via online meetings, phone calls and even social media. Being active on social media was important before COVID-19, but now, it is […]
compliance and legislation
Key Individual Refresher Workshop – Bookings for Johannesb …
As a Key Individual, you are accountable for ensuring compliance with all relevant legislation applicable to your business. Keeping abreast of new regulations and changes to existing ones is indeed a formidable task, given the challenges of just keeping your practice afloat in these challenging times. Moonstone regularly offers Fit and Proper for Key Individual […]
Boards of Retirement Funds – Expiration of term of office …
In a recent communication the FSCA reminded all Boards of retirement funds and their administrators of the binding force of a fund’s rules in terms of section 13 of the Pension Funds Act, 1956, and in particular the impact thereof in respect of a Board’s terms of office. According to the communication the FSCA has been […]
Future investment strategies – Turning towards global mult …
“While no one can predict the future with any certainty, there are features of today’s investment environment that we see as becoming important drivers of future returns. These are our “inescapable investment truths”; a combination of global economic and disruptive forces that we believe will result in low growth, low inflation, low interest rates and […]
Covid-19 Loan Guarantee Scheme reviewed – Now easier to ac …
National Treasury, the South African Reserve Bank and the Banking Association of South Africa, released an update on the Covid-19 loan guarantee scheme. The scheme was set up to help ease some pressure on qualifying businesses negatively affected by low economic activity following the global lockdown imposed to reduce the spread of COVID-19. According to […]
Tribunal reduces METCI penalty by 70% – Finds that fund di …
The Financial Services Tribunal has just handed down its decision on an application by MET Collective Investments (Pty) Ltd (METCI) for a reconsideration of an order made by the Financial Sector Conduct Authority (FSCA) in September 2019. Originally the FSCA imposed a penalty of R100 million for contraventions of the Collective Investment Schemes Control Act and […]