In Circular 48, the CMS signals tougher enforcement against exempted insurers, warning that non-compliant branding and failure to notify regulators will attract decisive action.
The FAIS Supervision Department of the FSB follows a risk-based approach in supervising financial services providers (FSPs). Licenced entities are categorised in five sectors, ranging from high impact to small FSPs, with the […]
The title of an article on Supersport reads: “Looks like Sharks will stand alone”, and possibly reflects the views of most South African fans at this stage of the Super 15 Competition. The […]
The definition of an intermediary service was the subject of a number of discussions and reviews, including an article published by the FSB to provide clarity on what actually constitutes such a service. […]
Sometimes, something that appears insignificant can have rather important ramifications. The Regulator recently requested all registered short-term insurers who are members of the Short-term Ombudsman (OSTI) to provide full details of personal lines […]
If President Jacob Zuma seems a little confused over who would be in charge after the May 7 elections, Minister of Finance Pravin Gordhan had absolutely no doubt as he set sail away […]
Who can ever forget this immortal uttering by the late Charles Fortune? Ryan Harris, Australian fast bowler, is something of an amateur author. His column in the Sydney Morning Herald contains some pointers […]
The fair treatment of clients by certain product providers was recently questioned by Bruce Cameron in an article on causal event charges. A key part of ensuring proper market conduct is a new […]
FSBA financial services provider (FSP) must in terms of Condition 3 of its licence, inform the Registrar of Financial Services Providers (Registrar) within 15 days after any change to its register of representatives. […]
Some of you may remember this expression from the cartoon series “Grootbek en Katvis” on TV in the early days when ou Grootbek tried to outsmart the wily catfish I used the very […]
In a little over three months the US government will put Swaziland under the spotlight and evaluate its eligibility for trade benefits under the African Growth and Opportunity Act (AGOA). The outcome is […]
We predicted earlier that 2014 would be a bit of a water-treading year in so far as new regulations and changes relating to financial advice and intermediary services are concerned. This was based […]
This old adage, from a Protea perspective, refers more to the second part: “…where angels fear to tread.” The prospect of facing Mitchell Johnson must be a daunting one, yet AB de Villiers, […]
The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]
Moonstone is a co-sponsor of this seminar which is a must-attend event for all key individuals, representatives and compliance officers. Anton Swanepoel and other leading industry experts will discuss the year ahead from […]
Financial Services Providers who receive client funds are required to conform to very specific requirements in terms of liquidity, as set out in the Determination of Fit and Proper Requirements. In terms of […]
Mitchell Johnson appears to reserve his best for South Africans. His career best of 12 wickets for 127 runs in the first test at Centurion eclipsed his previous best figures of 11 for […]
The government has decided to allow only the Grain Marketing Board (GMB) to import grains and has stopped issuing import permits to independent millers and traders, at a time when an estimated 2.2 […]
