Sport Snippets
As we wait for the big guns of rugby and cricket to get back in the arena, we look at some other news from around the globe. Bafana Hanging On South Africans always […]
Appeals Board ruling puts Centriq–Dis-Chem partnership on the line
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.
Proposed Advertisement Guidelines
We publish below extracts from a document recently published by the Regulator aimed at regulating “advertisements, brochures and similar communications”. A Draft Information Letter, providing guidance to long-term and short-term insurers on the […]
FSB Reaction to Excessive Charges on Endowments
Last year, we published an article titled Charges in Respect of Investment Policies. I referred the matter to the FSB for comment, particularly in view of the following opinions expressed by the Long-term […]
Final RE date for Reps Working Under Supervision
An important amendment to the conditions applicable to representatives working under supervision was announced in Board Notice 260 of 2013, published on 19 December 2013. Readers may recall that there was some uncertainty […]
Training News
A number of important documents were placed on the FSB website on Friday. Two of these are of particular importance to those involved in training, as well as those who are subject to […]
Sport Shorts
Bafana Bafana Rebounds Our national soccer side was possibly so confident before the match that they appeared more interested in the beautiful surroundings than their opponents. After allowing Mozambique to score a shocker […]
Zimbabwe – Running short on food and cash
The Zimbabwean economy is starting the year off with a shortage of staple food and paper money on top of its long-standing challenges. On the one hand, people in rural areas need to […]
RE Exams Pass Rates
Seldom has one seen such disparate views on a matter of national interest as those expressed on the 2013 matric results. While the government sang its own praises based on statistical improvements, concerns […]
On-Line Access to RE Status
In December, the FSB announced an on-line facility which allows FSPs to verify the RE status of Key individuals and Representatives. The circular provides step-by-step guidelines on how to access the information pertaining […]
Penalties for late submissions
The FSB’s FAIS Newsletter 16 was published on 13 December 2013. The second article states that a decision was taken to implement punitive measures available to the Regulator when FSPs fail to submit […]
Yes Nine a No-No
One of last season’s new rugby rules was recently scrapped, partly as a result of the potential danger to the offensive team’s number 2. Thanks to Alex Bax for his valued input on […]
Implementing the Twin Peaks model of Financial Regulation
The Financial Sector Regulation Bill, referred to in the article above, provides important information on the way forward as far as regulating the financial world is concerned. The shift from the current status […]
FSB Renamed
The Financial Sector Regulation Bill, published on 11 December 2013, indicates a new name for the Financial Services Board. The twin peaks regulatory framework will provide a comprehensive framework for regulating the financial […]
Resurgent Aussies Rejoice
The Sydney Morning Herald is awash with articles on the rejuvenated Australian cricket side’s whitewash of England in the Ashes, and rightly so. A lot of the credit is heaped on Darren Lehman, […]
Taking Stock
Reaction to the recent introduction of the E-Toll system in Gauteng reminded me of a similar sense of indignation a few years ago when the regulatory examinations were announced. Many people in the […]
Would the real KP please stand up!
From being the dominant force in recent battles, the England side capitulated like only they can. They now find themselves staring down a barrel, being 2 nil down in this prestigious and historical […]
Tata Madiba
Die laaste groet van ‘n pa is tegelyk ‘n familie en ‘n persoonlike saak. Saam met die gesin kom gedeelde verlies, maar dis in die binne-hart waar die groot seer lê. Reguit praat […]
