Chances are good that you are currently worrying about how you will keep your team synchronised and productive while they work from home. The knee-jerk response by many leaders is to try and translate old-style command and control thinking into the digital world… This is definitely not the right way to go and I can […]
In a recent FSCA Communication the FSCA acknowledges the impact of the Corona virus on South Africa in general and the financial services industry specifically. As a result, the dates for submissions of comments on the Retail Distribution Review (RDR) Discussion Documents have been extended from 31 March 2020 to the following dates: ● Adviser […]
As a result of the President’s announcement of a total lockdown, our Dedicated Response team has implemented more aggressive components of our Business Continuity Plan to further assist in the containment of the coronavirus in the interest of the country, our clients and staff.. We are confident in our ability to continue to provide our […]
In the FSCA’s latest communication guidelines were provided with regards to various regulatory requirements and deadlines. These include training and qualification requirements: Class of Business (COB) Training ● COB deadlines that were due for completion in 2020 will be extended to 15 December 2020. ● FSPs will have to extend the supervision period for such […]
In the midst of individuals scurrying around, trying to understand how the 21 day lockdown will impact on them, the FSCA provided guidance on various arrangements in respect of submission of statutory returns and fit and proper related deadlines. One of the biggest questions that most individuals had was what the impact on Regulatory Exams is. Here […]
Annexure B to the supplementary regulations published in respect of the National Lockdown includes the term “Insurance services” in the list of essential services. This term is unfortunately not defined anywhere further in the regulations or the empowering legislation and that leaves FSPs in the dark about where their services fit in. In the absence […]
The way we work has in the past week or two been turned on its head. Many of us have been asked to work from home and team leaders suddenly need to deal with distributed teams. The team at Xuviate have been providing worldwide online coaching services for the last four years and are working […]
Individual South Africans can influence the COVID-19 mortality rate by doing all they can to slow down the spread of the virus. According to healthcare actuary Shivani Ranchod this is an “all-hands-on-deck” scenario to flatten the curve. Ranchod is a member of the Actuarial Society of South Africa and CEO of Percept Actuaries and Consultants. […]
In a recent ASISA media release, Leon Campher, ASISA CEO, shares that although South Africa is feeling the heat generated by the COVID-19 market turmoil, it is important to remember that the country prides itself on a well-regulated financial services sector that is globally recognised as one of the best. “The market volatility has been […]
As governments are rolling out tougher measures to halt the rapid spread of the coronavirus pandemic, criminals are taking advantage of the ensuing anxiety to defraud victims online. The sudden increase in remote work has introduced a new set of cyber security risks to organisations. The FSCA also recently encouraged the public to utilise available […]
