Secondary

Banner: Suitebox – Horizontal

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

When will level 2 REs be available?

The regulator indicated that it would focus on the completion of the level 1 REs, and particularly RE 1 and RE 5 before making any further announcements on the next level of regulatory exams. There are, of course, still some of the level 1 exams that have not yet reached its “write –by” dates, such […]

Continue Reading

A recipe for success

It is easier to bake a stunning cake if you follow the recipe, rather than just knowing what the ingredients are. This also applies to the regulatory exams (REs). I received the following enquiry from a training service provider: I hope you can help me with this. A number of representatives at my workshops tell […]

Continue Reading

From Four-wheel drive to Normal?

No, we are not shifting focus to motor rallying this week. Having ground down the England side in four-wheel drive, we now move into normal drive to pick up some speed as we approach the last test before the “Rugby Championship”. More about this later. Heyneke Meyer stayed true to his undertaking by only replacing […]

Continue Reading