Harsher Measures for Non-Compliance
While this heading may initially raise a collective sigh of exasperation, those who operate within the law should actually heave a sigh of relief. At the FSB’s annual Conference in Cape Town yesterday, […]
The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.
Read moreWhile this heading may initially raise a collective sigh of exasperation, those who operate within the law should actually heave a sigh of relief. At the FSB’s annual Conference in Cape Town yesterday, […]
The first telematic broadcast by the FSB in its new season of communications with the industry was broadcast last week on 18 July 2012. John Eksteen of Analytics Consult discussed investment management from […]
We publish below an information circular published by the South African Institute of Chartered Accountants (SAICA) to assist readers in understanding how the new Companies Act affects their business in terms of audit […]
The Regulator published a guidance note last week on the payment of commission and fees in the financial services industry. It affects both short- and long-term insurers, and includes guidelines on practices which […]
Many years ago, I was playing golf at Voortrekkerhoogte. At one stage, we walked past 1 Military Hospital, or 1 Mil, as it is better known. One of the players in our four […]
An article in Sunday’s Rapport (15/7/2012) discusses the upcoming High Court case where a broker is disputing the jurisdiction of the FAIS Ombud. What is of particular interest to our readers, is the […]
Creating awareness helps fight an atrocity which has taken on crisis proportions. Dr. William Fowlds, a wildlife veterinarian, tells the story of Geza, a white rhino, that was callously mutilated by poachers and […]
This article concerns the difference between legislative requirements and practical reality. A recent conversation with a reader concerned the requirement that financial statements must be submitted within four months. Before, FSPs had six […]
In all endings, there is always a beginning. On 30 June, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us […]
The introduction of the level 1 regulatory examinations in November 2010 shifted the focus from product training to RE preparation. Up to the end of 2009, when FSPs and reps needed a minimum […]
The financial services industry cannot be seen in isolation to what happens in the rest of the country. President Zuma’s recent initiative regarding matters of state should also be applied to what happened […]
In all endings, there is always a beginning. On Friday, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us in […]
I have been meaning to write on this topic for a while now but, having listened to a few socio-political economists/ analysts (the titles vary quite a bit) over the last three weeks, […]
The information below was published in FAIS Circular 5 of 2012. We extracted what we regard as the essence of the communication to assist readers in complying with this annual obligation. Section 19 […]
When the Eagles recently visited our shores, I was one of the first to book my seat for a trip down memory lane with songs I still know off by heart. The title […]
Investigative journalist, Lindokuhle Xulu of Financial Mail, has scooped the Financial Journalist of the Year award at the Sanlam Awards for Excellence in Financial Journalism which were presented in Johannesburg on Tuesday night. […]