Where does commission end and chargeable advice begin?
Billy Seyffert, the chief operating officer of Moonstone Compliance, will share his insights on remuneration models in the insurance industry at the upcoming FPI convention.
Compliance and Legislation
FSCA proposes to align waiting periods for microinsurers and traditional insurers
The waiting period restriction in the Policyholder Protection Rules puts microinsurers at a competitive disadvantage, the Authority says.
Tribunal confirms JSE’s 20-year ban and R15m fine on Markus Jooste
The decision comes in the same week in which Steinhoff is due to be liquidated and delisted.
Participants in Open Finance must provide information to the FSCA
The information gathered by the study will help to shape the Authority’s Final Position Paper on Open Finance.
CIPC reminds companies to file their beneficial ownership information
The Commission will conduct inspections to verify the filed beneficial ownership information on record.
Accountable institutions face being fined for not submitting their risk and compliance returns
The Financial Intelligence Centre sets a deadline for the many entities that have not complied with Directive 6.
An accountable institution must register with the FIC to submit a risk and compliance return
How to submit information accurately to the Financial Intelligence Centre in respect of Directives 6 and 7.
Tribunal upholds JSE’s public censure of Trustco
The company did not inform shareholders timeously of the effects of a change to the terms of a loan.
FSCA urges the public to be vigilant against impersonation scams on social media
Fraudsters are abusing the brands of Ashburton Investments and Moneyweb to reel in the unsuspecting.
When are levy payments to the FSCA due?
FSPs can expect to receive their assessment notice this month.
Tribunal rules in favour of rep who found out about her debarment from the FSCA
The debarment procedure did not comply with the FAIS Act in a number of ways, the FST finds.
Draft amendments on information-sharing between accountable institutions published
Information-sharing must be done in accordance with FICA and POPIA and governed by a written agreement.
FSCA welcomes decision to uphold revised R20m fine on Markus Jooste
‘Conduct of this kind undermines public confidence in financial markets and leads the general public to believe that the system is rigged and unfair,’ Tribunal says.
Uncertainty over ‘place of supply’ rules for cross-border transactions
Place of supply rules are becoming more important as transactions become increasingly digital and supply chains become more complex.
How SA employment laws are promoting the inclusion of women in the workplace
The discrepancies between the treatment of women and men in the workplace are to some extent decreasing, but women continue to experience barriers to retention and promotion.
Supreme Court of Appeal sends a clear warning about non-compliant group schemes
SCA rules on the dispute between KGA Life and Multisure that arose after the cancellation of the intermediary agreement.
Ombud Council publishes new FAIS Ombud Rules for comment
The Rules increase the limit on the compensation the Ombud can award complainants and provide for changes to the Office’s jurisdiction and procedures.
