Financial Statements for 2015
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 […]
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Low Cost Medical Schemes Proposed
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 […]
Nigeria makes progress in Boko Haram fight, sees weaker economic growth data
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 […]
Results and Certificates
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, […]
Tax Free Savings Schemes on Investment Indicators
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 […]
New FAIS Email Inboxes
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 […]
Is Conflict of Interest a Double-edged Sword?
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 […]
Gesoek: Goeie Gebruikte Kristalbal
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 […]
Cutting Edge Regulatory Workshops
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 […]
More on Tax Free savings
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 […]
Tax Free Savings Approved
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 […]
Obasanjo quits Nigeria’s PDP; CBN closes forex window
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 […]
Results and Certificates
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, […]
CPD Update
We often receive enquiries from readers about their obligations in terms of continuous professional development. As often stated in the past, only those who are members of a professional body who requires its […]
Emolument Attachment Orders in the Dock
The court case, in which 13 credit providers and the law firm that facilitated the EAOs are involved, is drawing wide interest in the media. It sets out to determine, amongst other issues, […]
The Future of Market Conduct Regulation
In a recent article in Moneyweb Today, Patrick Bracher, a director of Norton Rose Fulbright is quoted as saying: “New financial advice regulation contained in the Retail Distribution Review (RDR) highlights the failure […]
Predictably Unpredictable Super Rugby
I know it sounds like sour grapes, but after seeing the results in our Superbru pool yesterday, I consoled myself, after only scoring two points, by saying that anyone who got more than […]
