SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
The commencement dates of certain provisions under the Financial Sector Regulation Act has recently amended and as a result published in a Government Gazette. Some of these include: ● Chapter 14 (sections 175 […]
By now you probably have established a bit of a routine for when to do what every day. But, just as you are patting yourself on the back, you realise you now have […]
The recently released Communication 12 of the FSCA alerts financial institutions to explicitly consider cyber-risk exposures and potential for breaches that may be heightened over this lock-down period due to the wide roll […]
The South African life insurance industry has more than double the legally required reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months. The […]
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have received a number of queries regarding the treatment of financial services as essential services. The following information is extracted from a […]
The FSCA has issued guidance for regarding employers who are unable to pay the full or any contributions on behalf of their employees to their retirement funds in accordance with section 13A of the […]
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
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 […]
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 […]
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 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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
