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Author Archive | Janine Geldenhuys


Impact of COVID-19 on regulator – FSCA announces precautionary measures

The Financial Sector Conduct Authority (FSCA) has announced that it will be taking precautionary measures in the interest of containing the COVID-19 pandemic, to protect their staff, the sector and to support Government efforts. As a result, the FSCA will enable remote working and use technology to facilitate all meetings. All face-to-face engagements with external […]

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Premium collection by intermediaries – Compliance deadline extended

The FSCA has just released their response to comments received on the published draft Exemptions from the STIA and LTIA Regulations. In addition, the FSCA also published the following two exemption notices which relate thereto: 1. FSCA INS Notice 4 of 2020 FSCA Insurance Notice 4 exempts independent intermediaries from Regulation 4.2(3) insofar as it relates […]

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COVID-19 – Measures Implemented by FAIS Ombud

As a result of the COVID 19 virus, the Office of the FAIS Ombud has also implemented measures to limit the spread of the virus in an effort to protect both employees and external stakeholders. All non-essential face to face meetings have been cancelled and any essential stakeholder engagements have been moved online. In a […]

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Money Smart Week South Africa – Postponed

Given the accelerated spread of COVID-19 in South Africa, and in support of government’s decision to stop any public gathering of more than 100 people; the organising committee for Money Smart Week South Africa 2020 (MSWSA 2020) has taken the decision to postpone this event until later this year. “Global Money Week activities have been cancelled […]

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CPD – Online courses now key

The spread of the coronavirus led to the closure of schools and universities and the cancellation of face- to-face workshops and seminars. With only 72 days to go, now is the time to embrace online education, for the sake of your health, and others. The Moonstone Business School of Excellence (MBSE) has developed various accredited […]

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On-boarding of a client – FIC draft customer due diligence and risk assessment

The Financial Intelligence Centres recently published Draft Public Compliance Communication 108 (PCC 108) with the objective to provide clarity on certain practical application issues relating to the on-boarding of a client in terms of Chapter 3 of the FIC Act. The draft PCC 108 clearly states that each potential client of an accountable institution (AI) should be risk-rated […]

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Revolutionary new approach to retirement planning – Focussing on the present rather than the future

Researchers at Stellenbosch University have come up with a novel approach in how we tackle retirement provision. It looks at the here and now, rather than make guestimates about an uncertain future. At the same time, it helps you, the adviser, approach the challenge from the client’s perspective, rather than your own, or that of […]

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