-
Debarment process – Financial Sector Tribunal provides practical example on problem areas
Since representatives were given the right to appeal to the Financial Services Tribunal against debarment decisions, many such ...
industry news
Outcome-based investing – Comparing it with a one day cric …
South Africa’s hopes of a semi-final place at the 12th edition of the Cricket World Cup looked dismal after their fixture against the West Indies at the Rose Bowl was washed out last Monday. The win against Afghanistan over the weekend revived our slender hopes somewhat. Needless to say, while South Africans may have to […]
best practice
Debarment – 3 critical steps to comply
The FSCA’s Guidance Notice 1 of 2019 clarifies the requirements for debarment as described in Section 14(3) of the FAIS Act with which an FSP must comply when debarring a person. It is important that these requirements should be contained in an FSP’s policies and procedures governing its debarment process. The Guidance Notice shares the […]
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
Debarment process – Financial Sector Tribunal provides pra …
Since representatives were given the right to appeal to the Financial Services Tribunal against debarment decisions, many such actions have been set aside by the Tribunal. In most of these cases the prescribed debarment process was not followed. On 6 June 2019, the FSCA published Guidance Notice 1 of 2019 to further clarify the role of […]
Continuous Professional Development – An ongoing oblig …
The recently published FSCA guidance note makes it very clear that the days of “tick a box” compliance is over: It will be extremely difficult to comply with the general competence requirements without having proper policies, procedures, processes, systems and record keeping mechanisms in place. This is fundamental for continuous compliance with the competence requirements. […]
Cliché phrases – 9 things people in finance should ne …
In a recent FIN24 article Barry Ritholtz shares “9 things people in finance should never say”. He mentions that some of these phrases sound smart, but falls apart upon closer inspection. The article was the consequence of an event that he attended in New York where one of the money managers used one of these […]
How social media played a key role in the #Knysnafires
Social media is becoming an increasingly important dynamic in disaster response; one that the authorities must engage with in order to remain current. This is particularly important given the potential for both intentional and unintentional misinformation. This was one of the key points of the independent disaster report that was released by Santam last Thursday. […]
CPD – Moonstone newsletters approved for CPD hours
The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within an annual 12-month cycle between 1 June and 31 May of a specific year. The FSCA recently extended this year’s deadline to 31 July 2019. For those that are still looking for an hour or […]