Think TCF Part Four
Outcome 4 of Treating Customers Fairly requires that, where clients receive advice, the advice is suitable and takes account of their circumstances. The apparent simplicity of this statement is very misleading. The guide […]
Author: Paul Kruger
Showdown at the Ellis Park Corral
Just like at the most famous gun battle in Western history, there will not be a place for timid souls on Saturday, even on the stands and in front of our TV sets. […]
Amended Preparation Guides
Many learners experience problems when trying to understand the legislation they are required to master in preparing for the level 1 regulatory exams. Whilst there is study material available in layman’s language, the […]
Due Diligence Obligations
The “why” of this requirement is clear to all, but the “what”, “how” and “when” remains one of the biggest grey areas for FSPs. If you place your client’s business with a leading […]
All’s well that ends well
Up to the 70th minute I had that dreaded “here we go again” feeling. So often in the past, and particularly against Australia, we managed to everything required to win, but did not. […]
Think TCF – Part 3
Thus far in this series of articles, we covered the need to embed fair treatment of customers in the culture of your business, and ensuring that the products you recommend address the real […]
Legislative Changes
From 14 April 2014, changes to the FAIS Act which came into operation on 28 February 2014 were incorporated in the regulatory exams. FAIS Circular 4 of 2014 contains details of these changes, as well as […]
Damned if I do…
This may well be the mantra that Heyneke Meyer is chanting after selecting Oupa Mohoje in the starting line-up for the test against Australia at Newlands on Saturday. Had he opted for the […]
Retail Distribution Review Update
An article in Business Day last week provided an update on the long-awaited white paper on the Retail Distribution Review (RDR), which appears to be due any day now. Caroline da Silva, DEO […]
Pickvest Appeals to High Court
Last week was not a good one for the two most prominent property syndications in the country. We reported elsewhere about the woes of Sharemax, and now Picvest also made the headlines. This […]
SARS and Sharemax
Sharemax made the headlines again last week, after a relatively long lull in media exposure. It was reported that SARS applied to the North Gauteng High Court to liquidate Sharemax Investments in view […]
Think TCF Part 2
Outcome 2: Financial services & products rendered to clients are designed to meet the needs of clients. Your first thought is possibly: this does not apply to me. Think again. This outcome of […]
New Directive from the FIC
Section 29(3) of the Financial Intelligence Centre Act states that all persons who submitted or are obliged to submit a report, may not disclose that fact or any information regarding the contents of […]
The Newlands Derby
The Rugby Championship log reminds me of horse racing. The winner appears to have an unassailable lead, while two of the also-rans will fight it out for the second spot. New Zealand is […]
Tax free savings accounts
The information below was extracted from the draft explanatory memorandum on the Taxation Laws Amendment Bill, 2014, published on 17 July 2014. Tax free savings accounts are proposed from 1 March 2015 as […]
Consumer Credit Insurance Workshop
The National Treasury and Financial Services Board invites the public to attend a Consumer Credit Insurance (“CCI”) workshop which will discuss the findings and focus areas arising from the “Technical Report on the […]
Input on Proposed Guidance Notice
The Deputy Registrar of Financial Services Providers invited industry input on a proposed Guidance Note on the interpretation and application of section 13(1)(c) of the Financial Advisory and Intermediary Services Act, 2002. This […]
