Sharemax Investigation Reopened?
Sharemax and the media never had a cosy relationship. In the early days, Deon Basson published a number of articles in which he asked searching questions which eventually led to legal action by […]
COFI Bill approved for submission to Parliament
Omnibus AML/CFT Bill also gets the nod for tabling.
RDR in Perspective
I was fortunate to attend a recent presentation on this topic by Billy Seyffert, COO of Moonstone Compliance. Many see the Retail Distribution Review as the beginning of the end. In a way, […]
Organisational Redesign in the Fourth Industrial Revolution
I must admit that there are times when I really regret having taking it upon myself to change the content of this blog from sport and sports to technology. Most of the stuff […]
FSB Training intervention for Category I FSPs
The FAIS Supervision Department conducted a training intervention in 2014 for Category I FSPs who are not obliged to employ the services of a compliance officer. This continued during 2015 and 2016. During 2014 […]
FAIS Newsletter Volume 23
As usual, this newsletter contains important information for FSPs. The FAIS online reporting system will in future be known as the FAIS ePortal and the FAIS new license application system as the FAIS […]
Illegal Incentives in the Motor Industry
Finance and Insurance Managers (“F&I managers”) in motor dealerships are registered representatives of financial service providers (FSPs), and as such they are bound by the provisions of the FAIS Legislation. The Registrar is […]
Imminent changes to tax-free savings regulations
The National Treasury will shortly publish final amendments to tax free savings accounts regulations for the year beginning 1 March 2017. The amendments will include: The process for transfers clarify the policy position on performance […]
FIC Update
Registration Guidelines on Youtube The Financial Intelligence Centre created a Youtube channel containing videos on registering on the goAML system. They currently detail: The documents required Process for Entities already registered with the […]
Conduct of Business Report
I was fortunate to be able to attend the last Compliance Report workshop for one-person businesses conducted by my colleague, Paull Lawrence. This document is scheduled to be replaced by a “Conduct of […]
Surviving in the modern jungle
This article is a combination of information contained in a Suitebox presentation titled “The psychology of the modern client” and my own personal experience and observations. Fifteen years ago, when Moonstone was still […]
Fica Bill challenged in ConCourt?
Friday’s edition of Legalbrief Today contained an excerpt from an article in the Mercury on continued resistance to the Financial Intelligence Centre Amendment (Fica) Bill becoming law. Those against it threatened to take […]
World’s First E-Signing Functionality Launched
Global software provider of digital workspace technology, SuiteBox, has upgraded its software to allow for four-person meetings that, for the first time, enables the multi-party signing of documents in a secure cyber environment. […]
Gap Cover Commission Calculation
A number of Moonstone Compliance clients queried the interpretation of the commission payable in respect of GAP cover products. The following bands were provided: Individual and group policy Monthly premium band Maximum Commission […]
RA costs and client interests
by Patrick Cairns Last year ASISA took a big step with the introduction of the Estimated Annual Cost (EAC) standard. Its implementation in the RA space has been particularly significant, as there have […]
The Journey to On-Demand Insurance
Worldwide references to “disruption” and the “on-demand economy” have been around long enough for us to have witnessed the start of its meteoric rise and globally, parts of the transport, food and general […]
Safer Financial Services
The introduction to a recent article by Carmel Ricard, for Legalbrief, sounded very familiar as it applies, equally, to financial advisers. “Crooked lawyers make the headlines so often that it’s easy to overlook […]
Prof Matthew Lester’s tequila-tax-slam-dunk
Can we use the changes in income tax to score big on our tax returns? 22 February 2017 is South Africa’s national budget day and there is a lot of doom and gloom […]
