Updating your Records at the FSB
The article we published last week was based on information contained in the FSB FAIS circular 13. This proved to be a rather unfortunate number. We publish below relevant excerpts from the article, […]
Industry News
Updating your Info at the FSB
Newsletter 13 provides guidance on how you can ensure that your records at the Regulator are up to date. The onus is on you to ensure this, so please follow these easy guidelines: […]
FSP Numbers
The latest figures released by the FSB shows that 313 FSPs had their authorisation suspended between 4 December 2012 and 24 January 2013. There were relatively few other “offs” and “ons”, with the […]
FSB Newsletter 13
The latest newsletter from the FSB focuses on communication with the FSB. A number of readers were unable to open the link contained in e-mail sent on Friday. We obtained a copy this […]
Expediency and the Ombud
“The FAIS Ombud’s role is to resolve disputes between financial services providers and their clients in a procedurally fair, informal, economical and expeditious manner.” Thus reads the home page of the Ombud’s website, […]
Pension Fund Transgressions now Criminalised
We publish below a press release by Bowman Gilfillan: Employers failure to pay pension fund contributions to become a criminal offence An employer’s failure to pay contributions to a pension fund will become […]
Minder Rompslomp vir Maatskappye, BK's
Alle maatskappye en beslote korporasies is wetlik verplig om jaarliks opgawes in te dien by die kommissie vir maatskappye en intellektuele eiendom (CIPC). Lesers sal onthou dat daar so ‘n paar jaar gelede […]
Treasury Response to Comments
A document containing National Treasury’s responses to comments on the Financial Services Laws General Amendment Bill was published recently. The 110 page document makes for heavy reading if you are not a legal […]
Regulation of Tax Practitioners
We found the following on the SARS website: Analysis shows that the compliance of tax practitioners is low. For example, tax practitioners owe more than R260 million to SARS in their own personal […]
Grant Thornton Capital announces strategic partnership with Lephatsi Financial Services
Lephatsi Financial Services acquires 35% stake bringing substantial skills and additional BEE credentials to the business 10 December 2012 New shareholders will further contribute to Grant Thornton Capital (GTC) being a substantial contender […]
Regulatory Changes Envisaged in 2013
The Financial Services Laws General Amendment Bill will see substantial changes and updates in respect of 11 different laws affecting the financial services industry. According to Business Day, the national treasury will attempt […]
Regulation of Tax Advisors
This legislation will also affect all financial advisors who provide tax services to their clients. With the promulgation of the Tax Administration Amendment Act at the end of last year, all tax practitioners […]
Important Changes to Fit & Proper Requirements
The publication of Board Notice 202 of 2012 brings about very important changes to the definitions of “Annual Expenditure”, “Liquid Assets” and “Management Accounts”, amongst others. This may impact significantly on your financial […]
Council for Medical Schemes Accreditation
A draft policy document on accreditation for brokers and broker organisations was published for comment by the Council. Please click here to download a copy. Affected parties have until 13 January 2013 to […]
Festive Greetings!
The highs and lows of 2012 will differ from person to person. The one thing we will all agree on, is that it was not a boring year. One aspect that stands out […]
FSB Circular 12 of 2012
This circular provides information on the level 1 regulatory examinations. The following aspects are addressed: The extension of the re-write deadline for the RE3 (Key Individual: Category II and IIA) and RE4 (Key […]
FSB Acts Against RE Dodgers
The title of this article reminds me of a Dickens character. From immediate reactions we received, it appears that not all those who missed the June deadline are artful dodgers. Some simply expected […]
