Scotland the Grave?
Nie oud of koud nie Dan Carter speel hierdie naweek in sy 100ste wedstryd vir die All Blacks. Daar was al spelers wat hierdie mylpaal bereik het, maar na my mening is hy […]
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.
RE1 and RE 5 certificates
We are inundated with requests from clients who have mislaid their certificates. Please follow the DIY steps below to get it much quicker. Regulatory Exam candidates who wrote with Moonstone, and passed, can […]
FSB: Guidelines on Advertising and Marketing
In the light of an increase in practices relating to advertisements, brochures and similar communications that are contrary to section 4(3) of the Long-term and Short-term Insurance, steps aimed at addressing this were […]
Increase in Benefit Amount for Assistance Policies
An increase was announced with regards to the maximum value of the policy benefits to be provided in terms of an assistance policy (Financial product subcategory 1.1). As from 11 November 2013, the […]
Fouries are jolly good fellows
The condition of the pitch is important in cricket, but it should not affect the quality of a rugby match. Sadly, Wales lost here, too. I felt particularly sorry for Frans Malherbe, and […]
Namibia – IMF comments after Article IV visit
A mission from the International Monetary Fund (IMF) concluded its annual visit to Namibia with a statement on November 7, emphasising the “consistently high quality” of policy discussions with local authorities. The Fund […]
Embedding TCF in the insurance regulatory framework
The presentation by the FSB focussed on how the six desired outcomes of treating customers fairly will impact on the industry. For this discussion, we will only focus on three which will affect […]
International and Local Financial Regulatory Reforms
South Africa is very much part of the global financial world, and also one of more than 200 members of the International Association of Insurance Supervisors (IAIS). The mission of the International Association […]
POPI: Are you all set?
This article is published with the kind permission of Van der Spuy and Partners in Paarl and Cape Town. The protection of privacy in South Africa has undergone intense investigation over the last […]
FAIS Ombud 2012/2013 Annual Report
The statistics section of the Ombud’s report provides useful insight into trends in the industry. New complaints received During the applicable year, the FSB received 9 949 complaints. The total number of complaints […]
FIC Request for Information Update
In a directive published last week, the Financial Intelligence Centre (the FIC) requested all institutions registered with it to update their details on the FIC’s electronic platform. In order to verify that your […]
How Green was your Valley?
The Springbok team, announced yesterday, pleased more people than usual, both from a view of who was selected, and who was left out. The inclusion of Pat Lambie in place of Zane Kirchner […]
Like Lambs to the Slaughter
According to an article on the Supersport website, South Africa have now failed to cross the 200-mark in five of their last seven matches, including a 4-1 defeat against Sri Lanka in July […]
Mozambique – No return to war
The National Resistance of Mozambique (Renamo) has returned to the bush, but this does not mean a return to war. Nor do we see any threat to regional economies. Renamo – the spawn […]
FSB Directive on Causal Event Charges
Following on from a recent draft document calling for input from the industry, the Registrar has now published a directive on the maximum causal event charges which may be deducted under Part 5A […]
New Debarment Notification Document
FAIS Circular 7, issued by the FSB this week, contains details of a new debarment notification document which comes into effect tomorrow, 1 November 2013. The background to this new form was discussed […]
Europe here we come
Now that I have almost managed to digest the overdose of humble pie I was fed over the weekend, it is time to look forward to bigger things – the end-of-year tour by […]
