Debarment – FSCA’s role in the process
The FSCA’s Guidance Notice 1 of 2019 clarifies the requirements for debarment as described in Section 14(3) of the FAIS Act with which an FSP must comply when debarring a person. The Guidance […]
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
Business Ethics Survey – Financial Services industry represents a mature culture
The issue of ethics in South Africa has seen many challenges. Some of these are also relevant to the financial services industry. Various court cases and determinations illustrate ways in which financial advisors […]
Business Ethics Survey – Financial Services industry represents a mature culture
The issue of ethics in South Africa has seen many challenges. Some of these are also relevant to the financial services industry. Various court cases and determinations illustrate ways in which financial advisors […]
Debarment process – Financial Sector Tribunal provides practical example on problem areas
Since representatives were given the right to appeal to the Financial Services Tribunal against debarment decisions, many such actions have been set aside by the Tribunal. In most of these cases the prescribed […]
Outcome-based investing – Comparing it with a one day cricket game
South Africa’s hopes of a semi-final place at the 12th edition of the Cricket World Cup looked dismal after their fixture against the West Indies at the Rose Bowl was washed out last […]
Continuous Professional Development – An ongoing obligation
The recently published FSCA guidance note makes it very clear that the days of “tick a box” compliance is over: It will be extremely difficult to comply with the general competence requirements without […]
Cliché phrases – 9 things people in finance should never say
In a recent FIN24 article Barry Ritholtz shares “9 things people in finance should never say”. He mentions that some of these phrases sound smart, but falls apart upon closer inspection. The article […]
Cliché phrases – 9 things people in finance should never say
In a recent FIN24 article Barry Ritholtz shares “9 things people in finance should never say”. He mentions that some of these phrases sound smart, but falls apart upon closer inspection. The article […]
Debarment – 3 critical steps to comply
The FSCA’s Guidance Notice 1 of 2019 clarifies the requirements for debarment as described in Section 14(3) of the FAIS Act with which an FSP must comply when debarring a person. It is […]
Debarment – 3 critical steps to comply
The FSCA’s Guidance Notice 1 of 2019 clarifies the requirements for debarment as described in Section 14(3) of the FAIS Act with which an FSP must comply when debarring a person. It is […]
How social media played a key role in the #Knysnafires
Social media is becoming an increasingly important dynamic in disaster response; one that the authorities must engage with in order to remain current. This is particularly important given the potential for both intentional […]
CPD – Moonstone newsletters approved for CPD hours
The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within an annual 12-month cycle between 1 June and 31 May of a specific […]
Knysna Fires of 2017 – How to minimise the risk and learn from the disaster
On 7 June 2017, Knysna and the Eden district municipal area were engulfed by one of the worst wildfire disasters in South Africa’s history. The disaster caused more than R2 billion worth of damage […]
Getting debarment right the first time – Important considerations when debarring a person
On 1 April 2018, the debarment process under the FAIS Act was amended by the FSR Act 9 of 2017. In terms of section 14(3) of the FAIS Act, a FSP must, before […]
Long Term Ombud Annual Report – Reflection on the Ganas/Momentum case
The Momentum/Ganas case, which caused a public outcry in November last year, was one of the matters discussed in the Long Term Ombud’s Annual report. According to Ron McLaren, Long Term Ombud, there […]
Proposed levies on Financial Institutions – FSCA requests comments
According to Pam Saxby of Legalbrief Policy Watch, the FSCA has called for input by 21 June 2019 on proposed levies for the 2019/20 financial year to be imposed on a raft of affected institutions. […]
New ASISA Retirement Fund Standard – Enabling review and comparison of charges on products
Members of umbrella retirement fund solutions will be able to assess the total impact of charges on their individual retirement benefits from next year October, when members of the Association for Savings and […]
