The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
This information is placed with the kind permission of Millers Attorneys. The issue of fixtures and fittings can be very contentious, primarily because there is no law that specifies what should be left […]
Some seriously bad outcomes for consumers of financial products resulted from products being designed in a way to circumvent regulatory supervision or action. Co-operation and collaboration between various bodies will form a cornerstone […]
The term “regulatory instrument” appears in the Financial Sector Regulation Act and includes, inter alia, a prudential standard, a conduct standard and a joint standard. These regulatory instruments form part of the Financial […]
The FSB published its Retail Distribution Review (RDR) discussion document, which contained a total of 55 specific regulatory proposals, in November 2014. A subset of 14 RDR proposals was identified for implementation in “Phase […]
I recently received the following enquiry from a reader: I was wondering if you have any thoughts on medical aid commission being regulated in a similar manner to the proposed RDR for long-term […]
The RDR proposal to create three categories of advisers drew the most responses. A progress report was presented by Leanne Jackson at the 2015 Insurance Regulatory Seminar. RDR so far All stakeholder feedback […]
A presentation at the FSB Insurance Regulatory Seminar provided practical insight into what we can expect from market conduct supervision when the new regulatory body is in place. We are rapidly approaching the […]
Hierdie inligting word geplaas met die goedgunstige toestemming van Van der Spuy en Genote I am 59 years old and have been working for nearly 20 years at the same company. The office […]
Often, candidates, despite having paid within 24 hours of registration, receive a notification advising that their examination was temporarily cancelled due to failure of payment. The important word here is TEMPORARY. Our system […]
The RDR feedback provided at the FSB Insurance seminar elaborated on conflicts of interest which may impact on an adviser’s objectivity. The following three were discussed: Binders and outsourcing – stricter conflict controls […]
A comprehensive update on the Retail Distribution Review will be published in the next two weeks. A glimpse into what this will entail was presented at the FSB Insurance Regulatory Seminar in Cape […]
Is it fair to expect Heyneke Meyer to fall on his own sword after the Springboks won the Bronze medal at RWC 2015, or should that decision be made for him by the […]
The announcement of changes in the tax treatment of provident funds led to a flurry of resignations and withdrawals from members of such funds who feared that their ability to withdraw all their […]
Die FSB het aangekondig dat die Afrikaanse regulatoriese eksamens nie na 30 November 2015 beskikbaar sal wees nie. Volledige besoderhede is vervat in Fais Circular 5/2015. Slegs Moonstone bied die eksamen aan. Om te registreer, besoek asseblief […]
It is fairly common practice in certain sections of the industry to make use of third parties to obtain new business. A recent order made by the Enforcement Committee serves to remind those […]
The Minister of Finance tabled the Financial Sector Regulation (FSR) Bill in Parliament on 27 October 2015, after taking into account comments received on the Bill published in December 2014. The Twin Peaks system of regulation […]
The Italian word “Andante” features in one of ABBA’s classic songs. Dictionaries define it as “a moderately slow” movement, usually in music. Closer to home, there is also a Swahili term, Pole-pole, which […]
