Unnoticed changes to documents crucial to BI dispute between mall owners and insurers

The contract went through 10 iterations between July 2019 and March 2020, with the term ‘infectious and contagious diseases’ variously in or out.

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Debarment Problems Persist

Despite warnings and guidelines from the Regulator, it appears that personal vendettas are in some instances a stronger driver than legal obligations. I received the following enquiry from a reader on 7 March: […]

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Hedge Fund Regulation Published

The National Treasury and Financial Services Board issued a media release on 5 March 2015 to inform the industry of the signed Declaration Notice from the Minister of Finance and the final Determination from the […]

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Will Tax Free Savings Achieve its Goal?

The announcement of this incentive, intended to promote savings, received a fair amount of media coverage. It will be interesting to see whether this continues, and what impact it will have on the […]

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Results and Certificates

We receive numerous requests on a daily basis for copies of results, or RE 1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own time, […]

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COI Article Responses

Last week’s article, Is Conflict of Interest a Double-edged Sword? drew a lot of comment. A short-term broker writes: I was faced with my agency being cancelled by an insurer due to lack […]

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Premium Collection can be Costly

The Retail Distribution Review discussion document contains a number of proposals aimed at strengthening the regulation of premium collections by intermediaries on behalf of insurers. This should not take one’s eyes off what […]

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Product supplier responsibility for advisers

Fais Circular 6 of 2013 announced the postponement of the Level 2 Regulatory Examination until further notice to allow the FSB to amend the qualifying criteria and investigate alternative delivery models in consultation with […]

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Is Rugby Dying a Slow Death?

All Blacks coach, Steve Hansen, was not exactly charmed after watching two Six Nations matches last weekend, according to an article in the NZ Herald. Hansen outlined his fears for the game after […]

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Pretoria Brooklyn Forum Examination Centre

Please note that no examinations will be scheduled for the period 16-03-2015 to 10-04-2015 at Pretoria Brooklyn Forum Examination Centre. We are upgrading the facilities to provide a wider range of services to […]

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New Draft Pension Fund Circular

The Registrar released a draft circular titled, The Commencement of Participation, Termination and Re-Commencement of Participation of Participating Employers in Umbrella Funds, on 27 February 2015. The introduction states that the Registrar wishes to provide […]

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Financial Statements for 2015

Last week, the Regulator sent a reminder to all registered FSPs regarding the above. In terms of the provisions of Section 19 of the FAIS Act, all authorised Financial Services providers (“FSPs”) are […]

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Low Cost Medical Schemes Proposed

The Council for Medical Schemes (CMS) issued Circular 9 of 2015 on 13 February. The document invites comments on the proposed introduction of a Low Cost benefit Option (LCBO) Framework. The purpose of the framework is to […]

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Results and Certificates

We receive numerous requests on a daily basis for copies of results, or RE 1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own time, […]

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