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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 […]

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Cyber insurance

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 […]

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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 […]

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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 […]

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