The proof of the pudding…
A recent finding by the FSB Appeal Board drew attention to the need for honesty and integrity in all circumstances. The Registrar debarred the appellant on 14 September 2015. Timeline On 8 June 2015 the […]
FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
SA Health Perspective
The Future Health Index 2016 is an international survey which “… highlights the opportunities and barriers to a more connected and integrated form of healthcare that will better serve future generations. By measuring […]
FICA Awareness Training
Moonstone Business School of Excellence developed an on-line workshop to assist learners to acquire the necessary learning with the least interruption to the business. Obviously, we are unable to build training on your […]
FSP FICA Obligations
There appears to be a fair amount of uncertainty about what exactly a financial adviser’s obligations under the Financial Intelligence Centre Act are. I suspect that, in many instances, many would rather NOT […]
All Blacks skep hul eie voorsprong
Baie mense in Suid-Afrika raak warm onder die kraag as van hul landsgenote die All Blacks ondersteun wanneer hulle teen die Springbokke speel. Dieselfde geld vir my as ek sien hoe kollegas wat […]
Is Loan securitisation legally binding?
My colleague Paull Lawrence recently sent me an interesting article on the subject: Property owners are often taken aback when, after defaulting on the loan repayment, they receive a summons from an entity […]
2016 Budget Tax Bills
On 8 June, National Treasury and the South African Revenue Service (SARS) published the 2016 Draft Taxation Laws Amendment Bill (TLAB) and the 2016 Draft Taxation Laws Amendment Bill (TALAB) for public comment. […]
Unsuccessful appeal against debarment
On 12 May 2015, the Registrar decided to debar the appellant, Mr Francois Pens Ellis, for a period of two years in terms of section 14A (1) (a) of the FAIS Act. The […]
Moonstone Survey Winners
In May, Insight-Discovery, in conjunction with Moonstone, conducted a survey amongst Investment advisers, the outcome of which will be of tremendous value to product providers. A draw was conducted with the aid of […]
Clarity on a refuted claim
Brevity can sometimes also be the soul of a twit. In a recent article on a complaint dismissed by the FAIS Ombud, we wrote: This case concerned a claim that was declined as […]
Honesty and Integrity
A recent finding by the Board of Appeal in the Teixeira case clarified certain matters around the very broad definition of this important fit and proper consideration. Briefly: the adviser was debarred by […]
Revenue growth and pending reforms
In December 2015, an Australian company, Centurion Market Makers, ran an industry survey on the impact of existing and pending reforms as well as projections for revenues and growth in 2016. In many […]
2016 Levies
It is that time of the year again. Below is a summary of what you can expect to pay, courtesy of my colleague Grethe van Heerden, as well as a link to our […]
Amended 2016 Compliance Reports
Please note that the Cat II, IIA and III reports (Published during May 2016) have been amended. “Note that FAIS Notice 51 of 2016 has been repealed and replaced with FAIS Notice 84 of 2016 and FAIS Notice 52 of 2016 has been repealed and replaced with […]
Debarment overturned by Board of Appeal
The Board was recently tasked with reviewing a decision by the Registrar to debar Ms LA Teixeira for 5 years and to withdraw the authorisation of her business. The grounds for the Registrar’s […]
Defencex Investor Update
A reader enquired as follows last week: Have you heard anything about the Defencex claim’s second phase? The input area for this claim is inactive. In response, I contacted Hanna Ziady at Moneyweb […]
To debar, or not to debar?
To rephrase the Bard, this should not really be the question – there is a better option. Representatives appointed in the second half of 2013, and the first half of 2014, and who […]
