FSB Communications
On Wednesday, 22 August, the FSB broadcasts a workshop on how Continuous Professional Development works. The target market for which it is intended is indicated as: Key Individuals, sole proprietors, compliance officers and […]
Industry News
Read the fine print
One would hope that, being in the industry, that we all have PI cover and that we know exactly what we are covered for. (In case you do not have PI cover, you […]
FSB Responds to Allegations
Last week we reported on media articles relating to the FSB’s involvement in the prevention of dubious investment schemes. The Regulator saw fit to publish a media release explaining its position in terms […]
Schedule of FSB Communications
Please see below the schedule of planned presentations by the FSB for the rest of 2012. Copies of the satellite broadcasts are availablefrom us. Those that are not televised, requires you to register […]
Job Losses in the industry
As the final date for completion of the regulatory exams draw near, we experience an increase in calls from candidates, anxious about what will happen if they do not make it. Let me […]
Calls for Stricter Enforcement
The news about yet another investment scheme which appears to have gone belly up, raised calls from the industry and the media for preventative measures to be implemented. Personal Finance reported over the […]
Direct marketers face Heavy Fines
The days of unsolicited SMSs, endless calls and annoying e-mails from direct marketing companies trying to sell unwanted products are numbered, says a Saturday Star report. Direct marketing companies that use your personal […]
National Women's Day
From Wikipedia: National Women’s Day is an annual public holiday in South Africa on 9 August. This commemorates the national march of women on this day in 1956 to petition against legislation that […]
Client Mandates
FAIS information circular 4 of 2012, published on 12 April 2012, contains information on bulk client transfers and the re-signing of client mandates. Most of the information below is copied directly from the […]
FAIS Act under Threat?
An extremely important court case, which could have severe implications for the FAIS Act, is currently under way in Pretoria. At stake is the FAIS Ombud’s jurisdiction to make determinations about investments in […]
NewGold Exchange Traded Fund (ETF)
Mike Brown, Managing Director, etfSA.co.za The NewGold ETF (GLD) issued by Absa Capital, is the most successful South African ETF measured by size. First listed on the JSE in November 2004, it now […]
Survey Assistance
ASISA’s Medical & Underwriting Standing Committee (MUSC) have requested our assistance in a survey of intermediaries on Standardised Critical Illness Definitions (SCIDEP). This applies to all advisors involved in life assurance. It aims […]
Reactions to article ''A matter of principle'''
Concerned Trainer writes It is encouraging to see representatives are questioning the legality of their actions, but should they not know this if they have passed the RE Level 1 exam? During the […]
Communicating with the Regulator
Callers to our offices sometimes express frustration trying to communicate with the FSB, and end up using us as a source of information. We obviously regard this as a major compliment, and try […]
Let the Master Beware
Is a bank liable when an employee gives misleading investment advice? A recent finding by the FSB’s Appeal Board indicates that this could in fact be the case. Space does not allow us […]
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, […]
FSB Broadcast on CIS and ETFs
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 […]
