High Court orders insurer to reconsider unfair debarment carried out in 2016

The applicant only became aware in May last year that the decision to debar her constituted administrative action.

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Electronic updating of Representative Registers

FSBA financial services provider (FSP) must in terms of Condition 3 of its licence, inform the Registrar of Financial Services Providers (Registrar) within 15 days after any change to its register of representatives. […]

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Het jou, Katvis!

Some of you may remember this expression from the cartoon series “Grootbek en Katvis” on TV in the early days when ou Grootbek tried to outsmart the wily catfish I used the very […]

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Fools rush in

This old adage, from a Protea perspective, refers more to the second part: “…where angels fear to tread.” The prospect of facing Mitchell Johnson must be a daunting one, yet AB de Villiers, […]

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Retirement funding gets a boost

The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]

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On the Regulatory Front

Moonstone is a co-sponsor of this seminar which is a must-attend event for all key individuals, representatives and compliance officers. Anton Swanepoel and other leading industry experts will discuss the year ahead from […]

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Proposed Changes to Liquid Assets Definition

Financial Services Providers who receive client funds are required to conform to very specific requirements in terms of liquidity, as set out in the Determination of Fit and Proper Requirements. In terms of […]

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The Johnson Jinx

Mitchell Johnson appears to reserve his best for South Africans. His career best of 12 wickets for 127 runs in the first test at Centurion eclipsed his previous best figures of 11 for […]

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Is Healthcare Remuneration Above Board?

We recently queried the discrepancy in commission payable to healthcare brokers and what their counterparts in the short-term industry earn for essentially providing the same service. In response to an enquiry from a […]

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FSP Fined for Promoting Unregistered Foreign CIS

The Registrar of Collective Investment Schemes (“the Registrar”) referred a suspected contravention of Section 65(3) of the Collective Investment Schemes Act, No 45 of 2002 (CISCA) to the enforcement Committee. It was alleged […]

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Hedge Fund Regulation a Step Closer

The National Treasury and the Financial Services Board (FSB) published a Joint media statement outlining their preliminary response to stakeholder comments on proposals released in September 2012 for regulating hedge funds. Annexure A, […]

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To bat first, or not to bat first…

The answer to this Shakespearian question is not as simple as some would think. At the time of writing, Australia was on 369 for 7 in their first innings. There was a lot […]

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Retirement funding gets a boost

The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]

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Old Mutual Representatives Granted Exemption

Board Notice 273 of 2013, published in December last year, provides details of an exemption granted to certain Old Mutual representatives in respect of the experience and qualification criteria applicable to: Collective investment […]

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