Introducing Ethics into your Practice
Managing your practice in terms of the FAIS Act and the General Code of Conduct may be time-consuming, but at least there is a set of rules to guide you. The advent of […]
RAF faces claims surge if form falls
SCOPA says the RAF 1 form may have kept claims out of the system, leaving the Fund exposed to a wave of unrecognised liabilities if it is set aside.
Cricket Gods Abandon Proteas
How dramatic was that last hour! With only four overs to go, two fatal stabs by a limping Harris delivered the coup de grãce. The Proteas, in the past, managed to survive and […]
Business Protection for the One-Person Business
We often receive emergency calls for assistance from FSPs who suddenly discover that they are short a template or two. This usually happens when they complete their annual compliance report, or as a […]
Managing and Mitigating Risk in your Business
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 […]
A Lone Shark
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 […]
Leads Provision and the FAIS Act
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. […]
Treating Customers Fairly and Complaints Management
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 […]
South Africa – Taking back the centre from a weakened left
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 […]
Oh to be at Newlands when the cricket is on
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 […]
Not quite TCF?
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 […]
Electronic updating of Representative Registers
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. […]
Het jou, Katvis!
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 […]
Swaziland – What happens if Swaziland loses its AGOA eligibility?
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 […]
Treating Customers Fairly in 2014 and Beyond
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 […]
Fools rush in
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, […]
Retirement funding gets a boost
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 […]
On the Regulatory Front
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 […]
