Credit Provider Registration
The article below was written by Janine Will, Senior Associate in the Commercial Department of Garlicke & Bousfield Inc, and published in Commercial Law News. The current legal requirement that only those credit […]
New SARS filing feature could mean fewer verification delays
By addressing minor inconsistencies upfront, taxpayers may avoid verification delays and receive refunds sooner where applicable.
Qualification deadline at hand
People appointed before 2010 had various options regarding prescribed qualifications, including obtaining a certain minimum number of credits, depending on what categories they were licensed for. My alert colleague, Paull Lawrence, sent us […]
Recoveries from Retirement Provision Funds
Strict process for companies wishing to recover stolen money from employee pension fund pay outs, cautions GTC. Employers cannot automatically claim money from an employee’s pension or provident fund when employees defraud them, […]
A weekend to forget
Not so long ago, in October 2015 to be specific, there was a very quirky joke going around… Little known fact There is a Playoff for 5th Place at the Rugby World Cup […]
2012 Liquidity Exemption falls away
The exemption provided for in paragraph 2(a)(iv) (BN 2018 of 2012) will fall away next month. This applies specifically to a person who conducts financial services related business with a Private Equity Fund. […]
POPI and the General Code of Conduct
An article in FAIS Newsletter 20 titled Bulk transfers by FSPs and Insurers contains a section under the sub-heading: Protection of Personal Information Act: Furthermore the FSPs are required to comply with Protection […]
2016 FIA Awards
The prestigious 2016 FIA Awards gala dinner took place on Thursday, 2 June 2016, and was attended by over 1 000 industry members. The awards go to the insurance, underwriting and investment brands that provide the […]
Financial Statements
Please remember that, if your financial year ended on 29 February, you are required to submit your annual return to the FSB before the end of June. Every year, hundreds of FSPs neglect to […]
FAIS Ombud Complaints Dismissals
Three recent determinations by the FAIS Ombud varied from what one has become accustomed to over the years. Cornelissen The Cornelissen case, which hinged around a dispute regarding the calculation of costs, concluded […]
Tougher than the rest
Tune in to Boss Radio as you read this week’s sport and sports column. The title of this Bruce Springsteen song came to mind this morning when I was reading the sports pages […]
Right to Privacy on Social Media
“My business partner managed to get hold of my Facebook password without my knowledge. I’m unhappy with the running of the business and have been talking to clients on Facebook about moving to […]
Ponzis and Pyramids Explained
Most financial advisers do not have a wealth of sympathy with clients who allow greed to cloud their judgment when a scheme which sounds “too good to be true” becomes available. In the […]
DOFA Do’s and Do Nots
Vetting the date of first appointment of applicants and appointees is an important part of compliance. FAIS Newsletter 20, published on 19 May 2016, contains a number of pointers to make life easier […]
Competency Framework Review
The determination of Fit and Proper requirements, published in 2008, referred to four competency requirements: Experience Qualifications Regulatory Exams (Level 1 FAIS Legislation and Level 2 Product knowledge) Continuous Professional Development (CPD) The first two, […]
Plaaslike Rugby Verwikkelinge
‘n Interessante artikel rakende Rugby vennootskappe soos berig in Netwerk 24: ’n Vennootskap ter wille van oorlewing in ’n ál moeiliker finansiële omgewing. Dít is waarop die Bulle se nuwe Superrugby-vennootskap met die […]
Who nominates the transferring attorney?
“I’m buying my first property. I’m quite nervous about everything and a friend of mine who is a conveyancer said she would help me with the transaction. However the seller is refusing and […]
