Tribunal dismisses N-e-FG executives’ ‘restorative justice offer’

In exchange for their admissions, they sought to substitute their debarments with an undertaking to repay R470m in client losses.

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Surprise Surprise

There are normally three kinds of surprises: the nice, the not so nice and the totally unexpected or, if you wish, the good, the bad and the ugly. The inclusion of some players […]

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Legislative Changes and the REs

It stands to reason that candidates who write the regulatory exams should be tested on current legislation. In view of the fact that regulations change constantly, it is an enormous task to amend […]

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Islamic Marriages and Divorce Orders

In a recent determination, the Pension Fund Adjudicator ordered an umbrella fund to reverse its decision not to pay a 50% share of a pension interest as decreed in a divorce settlement. According […]

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FSB Guidance Note on Section 13(1)(c)

This guidance note comes into effect in a few days, and will have serious consequences for a number of FSPs and representatives. Alan Holton, a FAIS specialist, shares his views on the practical […]

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Garden Snakes can be Dangerous

Green Tree Snakes  (Dendrolaphis punctulata) can be dangerous. Yes, tree snakes or grass snakes, not brown snakes or taipans. A couple in Townsville, Australia, had a lot of potted plants. During a recent […]

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New capital controls in Nigeria and Angola

The Central Bank of Nigeria (CBN) announced additional capital controls on June 24. CBN Governor Godwin Emefiele listed up to 40 items that would henceforth not be eligible for the purpose of purchasing […]

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It can be done

We recently warned against candidates underestimating the challenge contained in writing the regulatory exams. A reader responded as follows: We recently employed a young lady whose only experience was as a secretary in […]

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Do not Underestimate PAIA

A recent High Court judgment warns that ignoring the prescriptions of the Promotion of Access to Information Act can have serious implications for those who take it lightly. Walkers Incorporated of Cape Town […]

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Important FAIS Guidance Note

The FSB published guidelines on the correct interpretation and application of section 13(1)(c) of the FAIS Act which states: A person may not render financial services or contract in respect of financial services […]

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Calling all Armchair Selectors

With all the attention shifting to the Rugby World Cup in September in England, my colleague André Marais recently invited a few of us to put on our thinking caps about a possible […]

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Remorse as a Mitigating Factor

The latest decision by the FSB Appeal Board contains an interesting perspective on the impact of remorse in cases where a review of a decision by the Regulator is requested. The reasons for […]

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Preparing for the Regulatory Exams

It is disconcerting to hear how many candidates totally underestimate the level at which the exams are pitched. This is often enhanced when one uses study material containing self-assessment tests which are not […]

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Prescribed Minimum Benefits to be Extended?

Intentions by the Department of Health to amend regulations concerning prescribed minimum benefits in terms of the Medical Schemes Act were challenged by Genesis in court on 18 June 2015, asking that the regulations be […]

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PAIA Deadline Looming

The ill-fated Promotion of Access to Information Act of 2000 is rearing its head again. Moonstone Compliance provides all its clients with a PAIA manual. The cost of producing such a manual varies […]

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