In exchange for their admissions, they sought to substitute their debarments with an undertaking to repay R470m in client losses.
National Treasury (“NT”) released the Second Draft Demarcation Regulations for further public comment at the end of April. These Regulations specify which types of health insurance policies are permissible under the Long-term Insurance […]
An unbiased rugby lover can look forward to a couple of great contests this weekend. Top of the Pops The main match this weekend must be the tussle between the two sides heading […]
LexisNexis announced the availability of the third edition of its Legislation Handbook and Preparation Guide for the level 1 FAIS regulatory examination – RE1 and RE5. This book reflects the law as at […]
The impact of the Protection of Personal Information Act and the Treating Customers Fairly initiative will have a very direct bearing on your business. All intermediaries will, in one way or another, be […]
The FSB published a letter inviting comment from the industry on a practice that it intends declaring an undesirable or irregular practice. Some insurers charge policyholders a fee in addition to the premium […]
Trying too hard? The New Zealand Herald updates statistics on a weekly basis. The ones on tries scored makes for interesting reading. The Hurricanes top the list with 34 tries, followed by the […]
Movement for Democratic Change (MDC) leader Morgan Tsvangirai has sacked the party’s secretary-general, Tendai Biti. The sacking on Tuesday, April 29, is a sign of further disintegration on the part of the once-powerful […]
The information below is taken from a media release issued on the National Treasury website. National Treasury announced on Tuesday that the Insurance Laws Amendment Bill, 2013, which was tabled in Parliament on […]
The postponement of the Insurance Laws Amendment Bill, 2013 also impacted on a proposed change by the FSB to the FAIS Act. The objective of the proposed changes was to close regulatory gaps […]
We recently came across a media release of a survey titled SA advisers unprepared for regulatory change. We approached them for clarity on certain issues, and provide our questions, with their responses, below: […]
If you like listening to music while reading this column, click on this link to enjoy Billie Holiday singing “They can’t take that away from me”. Way back in 1996, the Crusaders became […]
Another bomb attack has taken place in Nairobi, three weeks after a night of grenade attacks. The incident on the night of Wednesday, April 23, killed two police officers and two other people […]
The results of two surveys in the financial services industry were recently published by CoreData, a firm who conducts research in banking, mortgages, retail saving, pensions, asset management and the financial advisory sector. […]
What happens to a power of attorney when the principal’s mental capacity starts to diminish and he/she loses the capacity to act? This is not only important for your clients – many of […]
The book, Slaughterhouse-5 by the renowned author Kurt Vonnegut, may as well have had the Super 15, rather than World War II, as background. Do yourself a favour and look at the official […]
This article, by Paul Resnik, was published in the April edition of the FinaMetrica newsletter. UK regulator fine for unsuitable advice It seems to be inevitable that the past behaviour of banks raises […]
The National Treasury (“Treasury”) and Financial Services Board issued the following media release last week: In 2012, South Africa, as a committed member of the G20, embarked on a process to enhance and […]
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