From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.
The Retail Distribution Review discussion document contains a number of proposals aimed at strengthening the regulation of premium collections by intermediaries on behalf of insurers. This should not take one’s eyes off what […]
Fais Circular 6 of 2013 announced the postponement of the Level 2 Regulatory Examination until further notice to allow the FSB to amend the qualifying criteria and investigate alternative delivery models in consultation with […]
All Blacks coach, Steve Hansen, was not exactly charmed after watching two Six Nations matches last weekend, according to an article in the NZ Herald. Hansen outlined his fears for the game after […]
Please note that no examinations will be scheduled for the period 16-03-2015 to 10-04-2015 at Pretoria Brooklyn Forum Examination Centre. We are upgrading the facilities to provide a wider range of services to […]
The Registrar released a draft circular titled, The Commencement of Participation, Termination and Re-Commencement of Participation of Participating Employers in Umbrella Funds, on 27 February 2015. The introduction states that the Registrar wishes to provide […]
Last week, the Regulator sent a reminder to all registered FSPs regarding the above. In terms of the provisions of Section 19 of the FAIS Act, all authorised Financial Services providers (“FSPs”) are […]
The Council for Medical Schemes (CMS) issued Circular 9 of 2015 on 13 February. The document invites comments on the proposed introduction of a Low Cost benefit Option (LCBO) Framework. The purpose of the framework is to […]
Amidst a brooding political environment ahead of the presidential elections on March 28, Nigerians received some good news this past week. After some notable military victories, President Goodluck Jonathan told Nigerians that the […]
We receive numerous 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, […]
The Moonstone Investment Indicators has, for many years now, been the only really independent source of comparison used by intermediaries when advising clients on annuity and guaranteed rates, as well as Money Market […]
FAIS Information Circular 11/2015 contains 7 new specific email addresses for queries to the FSB’s FAIS Department. It also contains a complete list of all FAIS email inboxes that the external stakeholders should […]
Conflict of Interest (COI) was addressed in detail in Board Notice 58 of 2010. Broadly speaking, it aimed to address the provision of incentives like overseas trips and other “extras” with the potential […]
Die onvoorspelbaarheid van die uitslae in die eerste twee rondtes sal waarskynlik voortduur in week 3. Die Crusaders het byvoorbeeld hul eerste wedstryd verloor, wat nie snaaks is nie, behalwe dat dit op […]
Anton Swanepoel’s popular, informative and practical Regulatory Workshops will be run again in March this year. There will be two presentations – one focussing on short-term intermediaries, and one for long-term advisers. The […]
Fees in respect of tax free investment The list of definitions states: A “fee” includes a management fee, administration fee or any similar charge; The regulations stipulate that “any fee charged in respect […]
The final Notice and Regulations that allow for the introduction of Tax Free Savings and Investment Accounts (“TFSAs”) with effect from 1 March 2015 were approved by the Minister of Finance, according to a media […]
Shortly after global rating agency Standard & Poor’s (S&P) placed its credit rating for Nigeria on a negative outlook, the country’s politics and economics took further knocks. Former president Olusegun Obasanjo announced that […]
