Secondary

Banner: Suitebox – Horizontal

After the Lord Mayor’s Show

Failure to write the REs within the stipulated time frames calls for action on the part of those affected. The following guidelines were published by the FSB to assist FSPs in conforming to requirements: Guideline on Section 14 (A) debarment process Penalties for late notification of debarments Reappointment of debarred reps This article is only […]

Continue Reading

Ands, Ifs and butts kicked

We certainly had some lively discussion on Monday’s blog. In particular, Morné Steyn’s performance came under the spotlight. There were some great chirps: Tony: Although I really like Jean De Villiers, he needs his butt kicked for foregoing goal-kicks AGAIN. Brian: If Jean needs his butt kicked then the job of kicking it obviously cannot […]

Continue Reading

Insurance – The socio-political silver bullet

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, I decided it is time to nail my colours to the mast. The point I would like to make is that the […]

Continue Reading

Q & A on UK TV and Radio show

UNIVERSITY CHALLENGE (BBC2) Jeremy Paxman:  What is another name for ‘cherrypickers’ and ‘cheesemongers’? Contestant:           Hömosexuals. Jeremy Paxman:  No. They’re regiments in the British Army who will be very upset with you. BEG, BORROW OR STEAL (BBC2) Jamie Theakston:  Where do you think Cambridge University is? Contestant:            Geography isn’t my strong point. Jamie Theakston:  There’s a […]

Continue Reading

Level 1 RE 3 Preparation Guide

This regulatory exam needs to be written by Licence holders in Category II (discretionary fund managers) and II A (hedge fund managers). A set of preparation material advertised elsewhere in this newsletter, can help candidates to prepare in a focussed manner. The legislation handbook contains the relevant legislation, including the two non-legal documents, one from […]

Continue Reading

The Numbers Game

What will the fall-out figure be? How many people will be forced to leave the industry? I received a call from a media contact last night, trying to squeeze a figure out of me. The answer, a la Bob Dylan, is unfortunately blowing in the wind. This month, at Moonstone we had by far the […]

Continue Reading

Level 2 RE Content

On Monday we said that the level 2 REs would focus on the legislation pertaining to products, and not on products per se. This elicited a number of enquiries. We discuss the content of one licence category, using the qualifying criteria in Board Notice 105, and the Inseta study material to provide greater clarity for […]

Continue Reading

Over the Hill or Burnt out?

Mens wonder soms oor ons as ondersteuners se ongenaakbare verwagtinge van ons nasionale rugbyspanne. Ek lees vanoggend in die koerant dat daar in Suid-Afrika geen middelgrond is nie. Ons skree “Halleluja” as ons wen, en “Kruisig hom” as ons verloor. Die reaksie op die naweek se gelykop uitslag was nie veel anders as om te […]

Continue Reading

Blond experience writing RE 5

Morning Ma’am, the name is Sam Reporting for the Rep’s exam I must admit I’m in a jam I cannot prove just who I am. I am nearly forty three And as blond as one can be So please stop asking me For my licence or ID. Now this is not an Act Like going […]

Continue Reading

Annual Financial Statements

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 of the FAIS Act states that financial statements must be submitted by authorised financial services providers to the registrar not later than […]

Continue Reading