COVID-19 – CMS pronounces COVID-19 as PMB
The Council for Medical Schemes (CMS) has announced that all cases of COVID 19 will be regarded as a Prescribed Minimum Benefits (PMB) condition, and should be funded in full in line with […]
BHI Trust fallout widens as FSCA bans intermediary for 20 years
The FSCA’s latest action highlights the regulatory risks for individuals who may have been linked to the BHI Trust scheme.
The use of automated transaction monitoring systems – FIC provides guidance
All accountable institutions, reporting institutions and relevant persons (collectively referred to as a “reporter”) has an obligation to monitor, detect and report suspicious or unusual activities and transactions in terms of section 29 […]
The use of automated transaction monitoring systems – FIC provides guidance
All accountable institutions, reporting institutions and relevant persons (collectively referred to as a “reporter”) has an obligation to monitor, detect and report suspicious or unusual activities and transactions in terms of section 29 […]
Application of targeted financial sanction regimes – FIC provides guidance
The Financial Intelligence Centre (FIC) has published Public Compliance Communication 44 (PCC 44) which applies to accountable institutions (AI), reportable institutions (RI) and all other relevant persons. PCC 44 aims to provide guidance on the […]
Application of targeted financial sanction regimes – FIC provides guidance
The Financial Intelligence Centre (FIC) has published Public Compliance Communication 44 (PCC 44) which applies to accountable institutions (AI), reportable institutions (RI) and all other relevant persons. PCC 44 aims to provide guidance on the […]
COVID-19 Response – Start by meeting daily
Chances are good that you are currently worrying about how you will keep your team synchronised and productive while they work from home. The knee-jerk response by many leaders is to try and […]
COVID-19 Response – Start by meeting daily
Chances are good that you are currently worrying about how you will keep your team synchronised and productive while they work from home. The knee-jerk response by many leaders is to try and […]
Retail Distribution Review (RDR) discussion documents – feedback dates extended
In a recent FSCA Communication the FSCA acknowledges the impact of the Corona virus on South Africa in general and the financial services industry specifically. As a result, the dates for submissions of […]
COVID-19: Moonstone’s business update
As a result of the President’s announcement of a total lockdown, our Dedicated Response team has implemented more aggressive components of our Business Continuity Plan to further assist in the containment of the […]
COB, Product specific training and CPD – What is the impact of COVID-19?
In the FSCA’s latest communication guidelines were provided with regards to various regulatory requirements and deadlines. These include training and qualification requirements: Class of Business (COB) Training ● COB deadlines that were due […]
FSCA provides clarity on REs – Impact of COVID-19 on regulatory requirements
In the midst of individuals scurrying around, trying to understand how the 21 day lockdown will impact on them, the FSCA provided guidance on various arrangements in respect of submission of statutory returns and fit […]
Where does the National Lockdown leave FSPs?
Annexure B to the supplementary regulations published in respect of the National Lockdown includes the term “Insurance services” in the list of essential services. This term is unfortunately not defined anywhere further in […]
COVID-19 – What to consider when working remotely
The way we work has in the past week or two been turned on its head. Many of us have been asked to work from home and team leaders suddenly need to deal […]
COVID-19 – Individual actions will determine SA’s mortality rate
Individual South Africans can influence the COVID-19 mortality rate by doing all they can to slow down the spread of the virus. According to healthcare actuary Shivani Ranchod this is an “all-hands-on-deck” scenario […]
COVID-19 – Individual actions will determine SA’s mortality rate
Individual South Africans can influence the COVID-19 mortality rate by doing all they can to slow down the spread of the virus. According to healthcare actuary Shivani Ranchod this is an “all-hands-on-deck” scenario […]
Investment value fluctuations – Financial adviser can assist with management of fear
In a recent ASISA media release, Leon Campher, ASISA CEO, shares that although South Africa is feeling the heat generated by the COVID-19 market turmoil, it is important to remember that the country […]
Tough times brings tough measures for the financial services industry
As governments are rolling out tougher measures to halt the rapid spread of the coronavirus pandemic, criminals are taking advantage of the ensuing anxiety to defraud victims online. The sudden increase in remote […]
