DOFA and the REs
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives […]
FSCA gears up for tougher enforcement as scams and misconduct rise
From funeral policy breaches to crypto non-compliance and weak AML measures, the regulator’s latest report outlines its key priorities – with online harm topping the list.
New licensing requirements envisaged
An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that […]
More on Hippo Comparative Services
Our article on Monday was based on the contents of an FSB media release. We were unable to verify the facts against the actual Enforcement Committee order as the FSB website was unavailable […]
My New Boyfriends
I am seeing 5 gentlemen (give or take) every day!. As soon as I wake up, Will Power helps me get out of bed. […]
De Bruyn Determination – FAIS Ombud
The most recent determination by the FAIS Ombud concerns the placing of a client’s investment in the ill-fated Blue Zone scheme. Reading it provides one with insight into the practical application of the […]
Are we “Trying” hard enough?
I blame the poor rugby, from all but one team, squarely on today being Monday the thirteenth, and I am doomed to try and find something positive to say after the way the […]
Hippo Comparative Services Fined R1 million
We received the following media release from the FSB over the weekend: The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 […]
FSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
Address changes
Drafting this article reminds me of the saying “preaching to the converted”. If you are reading this, then obviously your address on our database is correct. We do, however, receive many calls […]
All about nothing
We have all heard of some story or other about how some banks treat their customers. Here’s one that will knock your socks off… This happens to be a true story indeed!!!! Sometimes […]
FSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
Stokvels and Burial Societies Exempt from Licensing
Board Notice 43 of 2013 exempts Stokvels and Burial Societies from being licensed. This obviously means that they no longer fall under the jurisdiction of the FSB. It is very specific about who […]
Representatives under Supervision
In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. […]
Bleeding in the Trenches
There was a short, almost implied comment in my morning paper which provided me with better insight into the current situation of the South African sides in the Super 15 competition. I read […]
FSB Presentations in 2013
The FSB published a list of communication events to be hosted by the FAIS Division between June and December 2013. The events are aimed at FSPs, key individuals, compliance officers and representatives. Please […]
Andy Capp, a time traveller?
It turns out that there’s a scientific and logical explanation for why people ( mostly men ) spend so much time in pubs and only get home in the early hours of the […]
