The World Cup Awaits
Bobby Londt The Proteas finished off in fine style last night by decimating the West Indies in a display of brute force with the bat, along with a well-executed plan on the field […]
New SARS filing feature could mean fewer verification delays
By addressing minor inconsistencies upfront, taxpayers may avoid verification delays and receive refunds sooner where applicable.
Regulatory Exam Update
The dreaded DOFA (Date of First Appointment) deadline is looming for all those people appointed between 30 June and 31 December 2012, and who have not yet successfully completed their Level 1 Regulatory examinations. You have until […]
Comment on “Material terms and Conditions”
In response to an article: “Disclosure of Material Terms” we published last week, a reader responded as follows: Dear Paul, No broker can possibly explain every single clause in a multi-page legal contract […]
Consolidation of Legislation
The Draft Market Conduct Framework, published in December last year, identified the diversity of legislation regulating different sectors of the industry as one cause for the Regulator’s inability to supervise effectively across the […]
The cost of war in East Africa
The leaders of the two sides in South Sudan’s civil war signed a potentially important deal on Wednesday, January 21. The agreement was signed in Arusha, Tanzania (so it is being called the […]
Daily RE Questions
1 What exam must I write? Both the RE5 and RE1 are Level One exams. RE5 is for Representatives and RE1 for Key Individuals. The RE3 exam is for licence category II candidates. […]
Reinstatement of Debarred Representatives
We receive enquiries on a daily basis from (often disgruntled) representatives who wish to re-enter the industry by applying to have their debarment lifted. Unfortunately, as a representative, you cannot apply to have […]
Improving Internal Complaints Mechanisms
The “Draft Market Conduct Framework”, published in December, is certainly a goldmine in terms of trying to gauge what the future holds for the industry. The information published below is extracted from it. […]
Will the Proteas Bloom at the World Cup?
Bobby Londt With any project or task, success depends heavily on preparation. The Proteas have done all they could to be as best prepared for the World Cup coming up in Australia come […]
Moonstone RDR Workshops
The proposals contained in the Retail Distribution Review discussion paper envisages some of the most drastic changes to the retail financial services industry since the implementation of FAIS. The 55 proposals contained therein […]
Update from Cambist
Hanna Barry reports in Moneyweb Today that Cambist published a newsletter to investors in which they refer to an upcoming court case which may prove to be good news for investors who made […]
TCF & Retail Distribution Review Update
A Draft “Market Conduct Framework” was published in December for comment. It contains the latest thinking by the Regulator on a number of key issues. The following is a synopsis of the rationale […]
Lesotho – Heading for a political train smash with SA in the driving seat
Lesotho’s Independent Electoral Commission (IEC) says it is not ready for elections next month. Verified media reports on Thursday, January 8, quoted the IEC chairman, Justice Mahapela Lehohla, as stating that if the […]
Disclosure of Material Terms
The importance of making a client aware of material terms and conditions in a policy contract was underlined in a recent FAIS Ombud determination. On 2 March 2013, the complainant’s Hilux was stolen […]
New Framework for Insurers
Legalbrief Today published an article on 7 January setting out details of the Governance and Risk Management Framework for insurers which come into effect on 1 April 2015. “…the purpose of the prescribed framework is to […]
More Effective Regulation Envisaged
National Treasury publishes a revised draft of the Financial Sector Regulation (FSR) Bill for public comment. The revised Bill takes into account comments received on the first draft, published in December 2013, as well […]
