Swaziland – US to pull AGOA plug in January
Swaziland is set to lose its preferential access to US markets via the African Growth and Opportunity Act (AGOA). This is because the impoverished country has failed to meet a US deadline to […]
Stricter reporting obligations for crypto-asset transactions
From 1 March, new frameworks will impose expanded due diligence and information-exchange obligations on exchanges, custodians and banks.
With performance fees the “Devil is in the detail”
Although the financial services sector is backed by a sound regulatory and legal framework, not enough is being done to ensure full transparency in terms of investment management fees. It is almost impossible […]
South African Dofa Deadline
Just a gentle reminder to all those who are required to successfully complete the level 1 Regulatory Examinations by the end of June that the final dates for registration are as follows: Permanent […]
Demarcation Proposals Under Fire
The proposals by National Treasury to find a solution to what it regards as a threat to medical schemes did not find favour with all in the industry. An article in the Financial […]
Debarments still a Headache
Louis Wessels, FSB legal consultant, writes in the latest FSB Bulletin that the debarment of representatives, unlike those involving key individuals, remain a taxing problem for the Regulator. Readers may recall that we […]
Probable Springbok Team
My colleagues suggested a squad to take on the international side in a warm-up match prior to facing Wales in June. The huge number of injured players, including the likes of Bakkies Botha […]
Write Wisely
Studying for the regulatory examination is not the only preparation you should do in order to achieve success. Knowing what to expect when you enter the exam room will equip you with a […]
Remuneration on Section 14 transfers under review
The Retirement Funds Department of the FSB published Draft Information Circular 6 of 2013 to clarify its views on certain issues, including the payment of fees and commissions when a client elects to […]
The Stats tell a Tale
The Vodacom stats app is really addictive, for those passionate about rugby. I spent the weekend deciphering some of the figures to try and gain some insight into why four out of 5 […]
Errata on Compliance Information
Very little escapes the eagle eye of Alan Holton, a compliance practitioner and associate of Moonstone. He came across a publication which contains compliance related articles, and brought the following to our attention […]
Update on Health Insurance Products
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 […]
Super Fifteen Super Games
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 […]
RE Preparation Material
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 […]
Moonstone Workshops on POPI and TCF
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 […]
Insurer Fees to be Outlawed
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 […]
Rugby Snippets from around the globe
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 […]
Zimbabwe – MDC disintegrates… much ado about very little
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 […]
