The Minister of Finance tabled the Financial Sector Regulation (FSR) Bill in Parliament on 27 October 2015, after taking into account comments received on the Bill published in December 2014. The Twin Peaks system of regulation […]
This article is made available with the kind permission of Van der Spuy and Partners. Jeremy is recently divorced and has just started dating again. This got him thinking about his future and […]
A draft response document to comments received from stakeholders and members of the public on this year’s proposed taxation laws and tax administration laws amendment Bills was published on 15 October 2015 by National Treasury […]
It is not often that a determination by the FSB Appeal Board reveals some of the sad human realities of our society. The Appellant was debarred for two years for submitting false applications. […]
The ASISA Board approved the implementation of the ASISA Standard on Effective Annual Cost (EAC) in August 2015. The EAC comprises four separate components into which various charges are allocated. Investment Management Charge The […]
We recently advised readers of an extremely good offer (R199 only) to get their Promotion of Access to Information manuals in place. Unless we see yet another extension, the deadline is 31 December 2015. Even […]
The dilemma facing financial services practices who are not obliged to appoint a compliance officer were highlighted recently by a rather frantic call from a one-person FSP after being informed by the FSB […]
Misleading advertising will receive a lot of attention in future regulation. A recent media release by the Council for Medical Schemes provides a timely warning to us to make sure that we do […]
Having just spent ten days travelling extensively in Namibia, I am acutely aware of the dangers of running into animals. There are even warning signs against wart hogs, which I thought would not […]
Angelique wrote: In order to be fit and proper we need to have the relevant experience, passed the required FAIS regulatory exam and have a qualification recognised by the FSB. If the qualification […]
The FSB website contains a fair number of FAIS Notices regarding individuals and others who were granted exemptions from complying with certain regulatory requirements. Some of the examples listed include: Fees Payable to […]
Geplaas met die vriendelike toestemming van Van der Spuy en Genote. Jy was in ‘n motorongeluk betrokke en jou mediese fonds het jou mediese kostes gedek. Op advies van jou prokureur het jy […]
The FSB published a Guidance Note on the Interpretation and Application of Section 13(1)(c) on 24 June 2015. This document has specific bearing on “…authorised financial services providers who wish to conduct financial […]
The Council for Medical Schemes (CMS) published Circular 54 of 2015 which contains details of the framework and principles to allow the introduction of Low Cost Benefit Options (LCBOs) within the medical schemes […]
Section 11 of the General Code of Conduct states: `A provider must at all times have and effectively employ the resources, procedures and appropriate technological systems that can reasonably be expected to eliminate, […]
The Insurance Institute of South Africa (IISA) recently hosted a forum where the issue of Liability was discussed. One aspect which caught my eye concerned PI cover. While many of us are aware […]
A publication in the Government Gazette, on 21 August 2015, contains a summary of this important piece of legislation which will soon be tabled in the National Assembly. It is essentially, the blueprint for the […]
