Reference Material for REs
Not a day goes by without us being asked for advice on the best study material for the level 1 REs. In terms of our status as an approved regulatory exam body, we […]
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.
A marriage made in Heaven
On their way to getting married, a young Catholic couple was involved in a fatal car accident. The couple found themselves sitting outside the Pearly Gates waiting for St. Peter to process them […]
Justice delayed…
The Fidentia saga first came to light in March 2007 when J Arthur Brown and Graham Maddock were arrested. In February 2008, Maddock entered into a plea bargain and was sentenced to seven […]
Intermediary Services Explained
Most of you can probably recite the legal definition of “advice” and “intermediary services” off by heart, having studied for the REs, but how many know how to interpret it correctly? The FSB […]
2013 Annual FPI Convention and Expo
The 2013 Annual FPI Convention is just around the corner. Cited as one of the most prestigious and comprehensive conferences in this field, and with 800 delegates already registered, the convention promises to […]
Three out of Four
Wind uit hul Seile En daar vind die Stormers toe uit jy kan nie oornag van super verdediging oorskakel na super aanval nie. Veral nie as jy twee ysters soos Vermeulen en Elstadt […]
Neologisms
This is an old post, but I thought you may enjoy it as much as I did when reading it again. 1. Coffee (n.), the person upon whom one coughs. 2. Flabbergasted (adj.), […]
DOFA and the REs
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives […]
New licensing requirements envisaged
An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that […]
More on Hippo Comparative Services
Our article on Monday was based on the contents of an FSB media release. We were unable to verify the facts against the actual Enforcement Committee order as the FSB website was unavailable […]
My New Boyfriends
I am seeing 5 gentlemen (give or take) every day!. As soon as I wake up, Will Power helps me get out of bed. […]
De Bruyn Determination – FAIS Ombud
The most recent determination by the FAIS Ombud concerns the placing of a client’s investment in the ill-fated Blue Zone scheme. Reading it provides one with insight into the practical application of the […]
Are we “Trying” hard enough?
I blame the poor rugby, from all but one team, squarely on today being Monday the thirteenth, and I am doomed to try and find something positive to say after the way the […]
Hippo Comparative Services Fined R1 million
We received the following media release from the FSB over the weekend: The Registrar of Financial Services Providers (Registrar) referred a case against Hippo Comparative Services (Pty) Ltd (the Respondent), FSP number 16357 […]
FSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
