Compliance and Legislation – Page 54 – Moonstone Information Refinery

Timur Turlov on chess, investing, and why South Africa matters

Discrepancy between the figures on his benefit statement and those on Sanlam’s website.

Summit claims ‘routine’ abuse of the exception to the Minimum Expense Norms table when assessing whether consumers can afford credit.

High Court considers the extent of the retirement fund’s investigation into the dependants.

The workshops were on irregularity reports and the legislative requirements for funeral parlour FSPs.

The Supreme Court of Appeal and the SA Revenue Service have different views on what exactly this term means.

The requirements for advice fees in the context of insurance policies will be dealt with by amending the insurance regulations.

This is a year after the Financial Services Tribunal set aside the Authority’s penalty of almost R162 million.

Transnet took Santam to court to recover the costs of rehabilitating soil contaminated after thieves broke into a fuel pipeline.

An accountable institution should ask only for personal information that is necessary to achieve the purposes of Fica.

The FSCA had already reduced the penalties and dropped the intention to debar for 10 years.

Financial Services Tribunal considers the Adjudicator’s powers relating to section 14 transfers

The VDP allows taxpayers to come clean on non-compliance that may lead to penalties discovered by Sars.

Tribunal repeats its previous ‘recommendation’ that the FAIS Ombud obtain oral and expert evidence to resolve the disputes of fact.

Stringent compliance obligations await if it is, but there’ll be a transitional period for new sectors.

It will apply to estate agents, attorneys and trust practitioners, among others.

Referring clients to another broker does not constitute advice for the purposes of the FAIS Act.

The two core components that must be met to claim a bad-debt write-off from Sars