Cost of FICA amendment on Compliance
Legalbrief Today reported as follows on an article in Business Day: Institutions have cited the prospect of a spike in the cost of compliance as a major issue that might arise from proposed […]
Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle
The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.
Read more
Fate Happens
Life is fickle and unpredictable. This statement is born out again by a recent Ombud determination concerning the switching of life cover from one assurer to another. The clients, both husband and wife, […]
Oh Flower of Scotland
Click here for some background music while you read this. Much as I love Scotland and its people, I pray fervently that the answer to the question “When will we see your likes […]
President Lungu’s State of the Nation address
President Edgar Lungu delivered the state of the nation address on Friday, September 18. The president stressed the need for economic diversification and to alleviate power capacity constraints via focused government infrastructural spending […]
A Bull on your Bonnet?
Having just spent ten days travelling extensively in Namibia, I am acutely aware of the dangers of running into animals. There are even warning signs against wart hogs, which I thought would not […]
Medical Schemes Council Ups the Ante
MSC Circular 59 of 2015 contains proposed amendments to the Medical Schemes Act, including various fee increases. Regulation 31 deals with the amounts payable to register a medical scheme, to accredit an administrator, […]
Improving Internal Complaints Mechanisms
This article was first published in January 2015. In view of recent discussions about the importance of this function under the proposed new Market Conduct Framework, we republish it in abbreviated format to […]
Can a qualification become invalid?
Angelique wrote: In order to be fit and proper we need to have the relevant experience, passed the required FAIS regulatory exam and have a qualification recognised by the FSB. If the qualification […]
Complaints Handling after 1 January 2016 – Part II
Following on from Monday’s article on changes to the definitions of “complainant” and “complaint”, Alan Holton provides some of the more practical insights you will need to consider when amending your Complaints Management […]
POPI and Telemarketing
A recent article in Times Live contained some interesting views on the impact of the Protection of Personal Information Act, once it comes into effect. Telemarketing expert and CEO of the Marketing Association […]
Application for Exemption
The FSB website contains a fair number of FAIS Notices regarding individuals and others who were granted exemptions from complying with certain regulatory requirements. Some of the examples listed include: Fees Payable to […]
A Coup in Burkina Faso
The situation in Burkina Faso has turned into a coup d’état, as we thought was likely. On the morning of Thursday, September 17, a military official announced on television that the army, acting […]
Complaints Handling after 1 January 2016 – Part I
It is anticipated that the Financial Sector Regulation Act of 2015 will become effective next year. Much emphasis will be placed on how you manage complaints. It will be an important barometer of […]
Durban Permanent RE Venue News
The Moonstone Regulatory Exam Centre in Durban, situated in the Musgrave Centre, will only remain in use until 29 September as a result of major renovations to the centre. The new Durban venue, which will […]
Padongelukkefonds eise en mediese skema terugbetalings
Geplaas met die vriendelike toestemming van Van der Spuy en Genote. Jy was in ‘n motorongeluk betrokke en jou mediese fonds het jou mediese kostes gedek. Op advies van jou prokureur het jy […]
Market Conduct Regulation and Consumer Protection
The “Draft Market Conduct Framework” contains an example of a short-term claim to show how the new format, under Twin Peaks, will allow the Regulator to act in a more pre-emptive manner. The […]
