Costs order against FSCA for ‘irregular and unlawful’ debarment

The Authority should have conducted its own investigation and not relied solely on information provided by the insurer, the Tribunal says.

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New FSB Broadcast

The FSB’s Insurance division did a telematic broadcast yesterday, providing an update on its activities, and sharing new developments with the industry. The Agenda reads as follows: Binder Agreements: Outsourcing & Intermediary services […]

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Licencing Assistance

The application process has become quite a procedure, as has applying for changes to an existing licence. Moonstone has a vastly experienced team to help you overcome the hurdles and hassles normally associated […]

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Back to the drawing board

Whereto now, Coach? In retrospect, our first half against the Wallabies was not as good as the score would indicate. We did not play that well – it was rather that the Aussies […]

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Duck you sucker

A duck walks into a pub and orders a pint of beer and a ham sandwich. The barman looks at him and says, “Hang on! You’re a duck.” “I see your eyes are […]

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High Court Judgement on Deeb Risk Case

The judgement can be regarded as a ground-breaking ruling regarding the powers of the Ombud as an alternative resolution platform. The main point concerned the right of a respondent, against whom a complaint […]

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Final RE registration date

The final date for registration for those who wish to write the level 1 RE’s before the end of September, is Monday,17 September. We added an extra day to the original schedule. The […]

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FSB Communications

On 29 August, the FSB broadcast a workshop aimed specifically at independent financial advisors. The title of the presentation is: “What’s new, and what to be aware of”. The Agenda covered the following […]

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Resolution Life under Curatorship

Following an application by the Executive Officer of the Financial Services Board (FSB), the South Gauteng High Court on 6 September 2012 granted a provisional order to place the life insurance business of […]

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What Exemptions are Allowed?

Exemptions have become an integral part of our regulated environment. A recent response by the FSB to such a request provides very useful insight into the process. There are only two grounds on […]

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Never Fear when Amla is Near

It is good to know that something good can also come from a school like Durban High School. I am talking of course of Hashim Amla, and cannot wait for the response from […]

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Wysheid uit die Wes-Kaap

‘n Amerikaanse toeris doen “whitewater rafting” op die Oranjerivier met Gatiep as sy toergids. Die Amerikaner vra vir Gatiep:“Do you know psychology, methodology, biology or geology? Gatiep antwoord: “Nei my Bru, never heard […]

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And Justice for All

In Monday’s Moonstone Investment Indicators we discussed a recent determination by the FAIS Ombud, with specific reference to the appeal by the respondent for the opportunity to lead evidence and cross question witnesses. […]

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Qualifications re-visited

Board Notice 135 of 2012 contains the latest information pertaining to approved qualifications. There are two bits of good news: It is printed in landscape format, so older readers like myself will not […]

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DOFA Demystified

Newcomers to our industry is often baffled by the seemingly endless array of abbreviations. DOFA is not a person who is not very bright, nor is it an airport in the Middle East. […]

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Post Mortems and Previews

Felicitations It is early days yet, but our athletes at the Paralympics are really doing us proud. In fact, for me it is a humbling experience to watch these wonderful people achieving great […]

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Puns for the educated

1. King Ozymandias of Assyria was running low on cash after years of war with the Hittites. His last great possession was the Star of the Euphrates, the most valuable diamond in the […]

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