Submission of financial statements
Last week, the FSB published an extensive list of licences which were withdrawn due to the non-submission of financial statements. If your financial year ends on 28 February, you are obliged to submit […]
Compliance and Legislation
New Accreditation Requirements for Healthcare Accreditation
A document entitled, “Policy Document on the requirements for and process with regard to the accreditation of Health Care Brokers and Broker Organisations”, was sent to registered practitioners in the industry last week. […]
The Tom and Jerrier Show
Further to the article above, we would like to add a few thoughts to the debate on what is really an important issue for us. The Jerrier/Outsurance judgement created a major problem for […]
Claimant loses against Outsurance
The Mercury reports that Sherwin Jerrier is R600 000 out of pocket after a judge ruled that Outsurance did not have to pay his claim after a car accident. He apparently omitted to […]
Structured Whistle Blowing
A certain individual in my previous life, who bore a strong resemblance to Attila the Hun, was fond of saying: “One cannot be a little pregnant.” He was, of course, referring to small […]
Practical Compliance Advice
The telematic broadcast on 7 March provided factual information about FAIS related matters, with a good smattering of practical advice from the two guests. The first session of the presentation, by Charene Nortier, […]
Updating your Compliance File
A reader recently asked how regularly one is obliged to review one’s compliance documentation. The answer appears to be: as and when required. Interestingly, (or perhaps not surprisingly), it appears to be implied, […]
The Real Cost of Compliance
This article appears in the December/January 2013 edition of INVESTSA Remember the spaghetti western “The Good, the Bad and the Ugly”? In one scene, Eli Wallach, on horseback, leads Clint Eastwood, on foot, […]
Comment on 2013 Draft Compliance Reports
The FSB invited comment on the draft 2013 compliance reports published on their website. Changes for 2013: • There are no substantial changes to the content of the reports. Some of the changes include […]
The Business of Advice
Let me take you back in time. To a time when Insurance Salesmen – and men they were – roamed the Earth. Despite talk of ‘Building a Business’, the reality was stark. For […]
Honesty and Integrity
I can still recall my initial reaction, way back when, when I first read that honesty and integrity would be one of the fit and proper requirements. There is no disputing the need […]
Compliance Officer Exemption from REs
Board Notice 207 of 2012 was published on 14 December 2012, and now stipulates that the compulsory regulatory exam for COs must be written by 31 December 2013. “Compliance officer” means a compliance […]
Problems downloading FSB Circular 1 of 2013?
This document, entitled “Disclosure of Fees and other potential Conflict of Interests on Third Party Collective Investment Scheme Portfolios” proved to be difficult for some people to download. Please click here to download […]
Compliance Audits and Appointments
Appointments We are happy to confirm two new appointments at Moonstone to assist with the increasing demand for our compliance services. Jaconette de Beer will bring her vast experience and expertise to the […]
Compliance Report Workshops
Registration closes this Thursday. With some venues already fully booked, we suggest you register, at your earliest convenience. If your annual compliance report is due by the end of February, consider making use […]
Private Equity Fund Exemptions
Board Notice 208 of 2012 provides a measure of relief in terms of certain mandate and liquidity requirements to persons conducting financial services related business with private equity funds. The Board Notice contains […]
Compliance Report Workshops
Our normal Telematics broadcast will be hosted on the 6th February 2013, from 09H00 to 12H30 at the following 8 venues: Bloemfontein East London Johannesburg Klerksdorp Polokwane Port Elizabeth Pretoria Stellenbosch Special Face-to-face […]
