Asisa Feedback on Budget Speech Comment
From the February 2014 edition of the Asisa’s Dispatches: A number of members and stakeholders have asked us to provide context to the announcement by Finance Minister Pravin Gordhan as part of his […]
FSCA gears up for tougher enforcement as scams and misconduct rise
From funeral policy breaches to crypto non-compliance and weak AML measures, the regulator’s latest report outlines its key priorities – with online harm topping the list.
Bruising Battles Ahead
T20 World Cup This competition sees the top twelve national cricket sides come together for two fast and furious weeks of T20 cricket action. To join us in the fun prediction pool, please […]
Foreign FSP Registration
Foreign FSP Registration A Foreign representative is recorded on the Registrar’s database using his/her passport number as identification. Unfortunately, each time a passport is renewed, a new passport number is issued. The Registrar’s […]
Compliance Monitoring
This topic is covered in FAIS Newsletter 16, published on 13 December 2013. It is of particular importance to FSPs who tend to think that complying with the FAIS Act and the General […]
Withholding of Pension Withdrawal Benefits
A recent determination by the Pension Funds Adjudicator concerns an employer’s decision to instruct the administrator of the pension fund to withhold the complainant’s withdrawal benefits after terminating his service. In their response […]
Old Dogs and New Tricks
Old Dogs and New Tricks – Our marketing colleague, Divan Kleynhans, mentions that it was a good weekend for the Old Boys Club to put their hands up. Victor Matfield, Schalk Burger and the […]
Zambia – Policy rate, statutory reserve ratio raised amid kwacha concerns
The Monetary Policy Committee (MPC) of the Bank of Zambia (BoZ, the central bank) elected to raise the policy rate for the first time in eight months at their meeting held on February […]
Moonstone Training Services
Moonstone Intellectual Capital (Pty) Ltd is an INSETA accredited Training Service provider. We provide training solutions for FSPs in all major licence categories. As part of our holistic approach, we conduct a thorough […]
Verification of Qualifications
Prospective employers need to verify information supplied by applicants. There are various sources where such information can be obtained. FAIS related credits and queries Please visit the INSETA website on www.inseta.org.za. Click on […]
Introducing Ethics into your Practice
Managing your practice in terms of the FAIS Act and the General Code of Conduct may be time-consuming, but at least there is a set of rules to guide you. The advent of […]
Cricket Gods Abandon Proteas
How dramatic was that last hour! With only four overs to go, two fatal stabs by a limping Harris delivered the coup de grãce. The Proteas, in the past, managed to survive and […]
Business Protection for the One-Person Business
We often receive emergency calls for assistance from FSPs who suddenly discover that they are short a template or two. This usually happens when they complete their annual compliance report, or as a […]
Managing and Mitigating Risk in your Business
The FAIS Supervision Department of the FSB follows a risk-based approach in supervising financial services providers (FSPs). Licenced entities are categorised in five sectors, ranging from high impact to small FSPs, with the […]
A Lone Shark
The title of an article on Supersport reads: “Looks like Sharks will stand alone”, and possibly reflects the views of most South African fans at this stage of the Super 15 Competition. The […]
Leads Provision and the FAIS Act
The definition of an intermediary service was the subject of a number of discussions and reviews, including an article published by the FSB to provide clarity on what actually constitutes such a service. […]
Treating Customers Fairly and Complaints Management
Sometimes, something that appears insignificant can have rather important ramifications. The Regulator recently requested all registered short-term insurers who are members of the Short-term Ombudsman (OSTI) to provide full details of personal lines […]
South Africa – Taking back the centre from a weakened left
If President Jacob Zuma seems a little confused over who would be in charge after the May 7 elections, Minister of Finance Pravin Gordhan had absolutely no doubt as he set sail away […]
