New FSB Fees
The new fees payable to the Registrar of Financial Services were announced on 25 March 2015. A few noteworthy changes are: Item Current Fee (R) New Fee (R) Category I Application 2180 2311 […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Make Your Voice Heard
The rapidly changing financial advisory market necessitates the opportunity for investment advisers to voice their views on a meaningful platform. The South African Investment Panorama is a new research project to enable independent […]
FSB Acts Swiftly on Allegations
The following FSB media release clarifies its stance regarding speculation in the press about a South African involvement in an alleged Ponzi scheme said to be run from Mauritius: Following media articles regarding […]
How to register for your level 1 exam
To register for the Key Individual Exam, RE 1, or the Representative Exam, RE 5, you will need your ID or passport number, date of birth, FSP number as well as personal, contact and professional […]
Complaints and Compensation for Clients
Alan Holton of Compliance Monitoring Services writes: I read the comments in your “Moonstone Investment Indicators” of the 23rd March (LT Ombud Makes Compensation Rulings) regarding the principles that lie behind awards made […]
Plans to Consolidate Ombud Schemes
The Financial Services Regulation (FSR) Bill includes a review of the various ombud schemes currently active in the industry. The information below was extracted from the discussion document titled “An Integrated Ombud System”. […]
A Proud Day for South African Cricket
Graeme Smith’s blog on the ICC website may seem a tad harsh, but if we want to be honest with ourselves, it makes a lot of clinical sense: In my previous column I […]
How to register for your level 1 exam
To register for the Key Individual Exam, RE 1, or the Representative Exam, RE 5, you will need your ID or passport number, date of birth, FSP number as well as personal, contact and professional […]
Latest on NHI White Paper
The information below was printed in Legalbrief Today last week. The National Health Insurance (NHI) White Paper and a draft financing paper are expected to begin the process of being scrutinised by Cabinet […]
LT Ombud Makes Compensation Rulings
The March 2015 edition of the Long-term Ombud’s newsletter, Ombuzz, contains information which should give heart to those who experience unsatisfactory service from product providers. Too often, such service reflects poorly on the […]
Landmark SA Investment Panorama study
Major investment institutions and leading asset managers have welcomed the recent launch of the South African Investment Panorama survey. The study, which is a project spearheaded by international strategic research company Insight Discovery, […]
FSB takes Action on Sign on Bonuses
Scarcely a week after announcing its intent to investigate the impact of sign-on bonuses on churning, the Regulator called for a special compliance report to be completed by FSPs registered as Long-term insurers. […]
New BoZ governor tasked with finding “magic wand” to stem Zambian kwacha slide
Denny Kalyalya was inaugurated as Bank of Zambia (BoZ) governor on Wednesday, March 18. The new central bank chief was appointed at a time of currency market turmoil, with the kwacha exchange rate […]
Results and Certificates
We receive requests on a daily basis for copies of results, or RE 1 and RE 5 certificates from candidates who mislaid theirs. You can download this from our website in your own time, at […]
Die Barmhartige Samaritaan
Eugene Ehlers skryf onlangs: My dogter moes Johannesburg toe vlieg om ‘n perd te gaan koop en het die oggend voor 08h00 daar geland. Sy het ‘n afspraak vir 09h00 gehad om die […]
CMS Invites Industry Input
The Council for Medical Schemes published Circular 20 of 2015 which outlines intended steps to curb confusion experienced by the general public, caused by misleading branding and communications from third-party services providers. “It shall […]
Licence Application Assistance
We are experiencing a noticeable increase in enquiries from the industry for assistance with licence applications. The documentation and supplementary information required by the FSB in order to assess such applications have become […]
