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.
Under the heading, “Risks to fair customer outcomes”, the RDR white paper discusses the problems resulting from the varying levels of customer sophistication. The inherent asymmetry of information and bargaining power between ordinary […]
Hilton Tarrant pleaded in an article on MoneyWeb for Eskom to apply load-shedding on a daily basis until May in order to do the urgently required maintenance to prevent unexpected down times. I […]
Your article on remuneration for different services made a lot of sense to me, and certainly deserves further discussion. As the IFA gets squeezed from all sides [extra work, less income & increased […]
The figures published in the Retail Distribution Review discussion document provide a very clear picture of the current make-up of the industry in terms of market segmentation of advisors. In the past it […]
The security trend in Libya remains negative since the General National Congress (GNC), which is based in Tripoli and contests power with the Tobruk-based House of Representatives, announced on January 21, that it […]
Please note that no examinations will be scheduled for the period 16-03-2015 up to 10-04-2015 at Pretoria Brooklyn Bank Forum Examination Centre. We are upgrading the facility to provide a wider range of […]
I found a short article published in the Australian “ifa” online newsletter very interesting. The JBS Financial Strategists boss and 2013 AFA Adviser of the Year (Jenny Brown) told ifa that she originally […]
The Registrar of Financial Services Providers (the Registrar) referred a case against Talksure Trading (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board. The referral relates to a contravention […]
While there is clarity on the existing remuneration system, which is essentially commission driven, proposals under the Retail Distribution Review aim to differentiate between various kinds of services, and establish fair remuneration for […]
Bobby Londt The Proteas finished off in fine style last night by decimating the West Indies in a display of brute force with the bat, along with a well-executed plan on the field […]
The dreaded DOFA (Date of First Appointment) deadline is looming for all those people appointed between 30 June and 31 December 2012, and who have not yet successfully completed their Level 1 Regulatory examinations. You have until […]
In response to an article: “Disclosure of Material Terms” we published last week, a reader responded as follows: Dear Paul, No broker can possibly explain every single clause in a multi-page legal contract […]
The Draft Market Conduct Framework, published in December last year, identified the diversity of legislation regulating different sectors of the industry as one cause for the Regulator’s inability to supervise effectively across the […]
The leaders of the two sides in South Sudan’s civil war signed a potentially important deal on Wednesday, January 21. The agreement was signed in Arusha, Tanzania (so it is being called the […]
1 What exam must I write? Both the RE5 and RE1 are Level One exams. RE5 is for Representatives and RE1 for Key Individuals. The RE3 exam is for licence category II candidates. […]
We receive enquiries on a daily basis from (often disgruntled) representatives who wish to re-enter the industry by applying to have their debarment lifted. Unfortunately, as a representative, you cannot apply to have […]
