NAIFA No Longer
The National Association of Independent Financial Advisers (NAIFA) was terminated in February, according to an article in the Financial Mail. According to its website, “NAIFA was established in South Africa late in 2010 […]
Banxso licence withdrawal – FST dismisses reconsideration bid
The Tribunal dismisses separate applications brought by Banxso and four executives, saying they lack legal standing.
Inseta Broker Network Update
The Inseta Broker Network provides free membership. Its aim is to assist brokers, and their support staff, with training related matters. I must admit that “eduspeak” often confuses me no end. Hopefully this […]
Bulls & Cheetahs win away from home
The much anticipated clash between the Sharks and the Cheetahs produced the expected result, based on recent form. The score was exactly the same as in the earlier encounter in Bloemfontein. The significant […]
Outcome of Treasury and SAIA Discussions
We gave substantial exposure to the Jerrier case over the past few weeks. Last week, in a joint media statement, Treasury and SAIA provided details of measures agreed on, to enhance insurance disclosures […]
Must I wait for the FSB?
A number of readers approached us regarding the consequences of not passing the level 1 REs by the required date. Many are of the opinion that they can carry on as usual until […]
FSP Status Changes: 19 February to 15 April 2013
In media releases, dated 12 and 16 April, the FSB announced the following figures relating to changes in the status of affected FSPs: The authorisation of 515 FSPs were suspended during the reporting […]
Sharks under Pressure & Luke Watson returns
Sharks v Cheetahs at Kings Park, Durban, Saturday 17:05 Will the Cheetahs let another opportunity slip? This is the big question for this fixture. The Sharks are seriously under strain as the underperformance […]
Training Trivia
We picked up two interesting pieces of information from the Inseta website: An e-mail from careerwisup@gmail.com is doing the rounds, offering learners an Inseta Learnership at a price. Inseta says: “Learners are advised […]
Remuneration Review Part II
This is the balance of the article, the first part of which was published in the Moonstone Investment Indicators last Monday. It appears in the March edition of the ASISA publication “In the […]
FSB Clarifies Press Release
In a media statement, issued on Thursday, 11 April 2013, the FSB advised that Zargogen, trading as Sharepartner, The Shareholder Partnership, TSP, was not a licenced FSP and investors were cautioned not to […]
Submission of financial statements
Last week, the FSB published an extensive list of licences which were withdrawn due to the non-submission of financial statements. If your financial year ends on 28 February, you are obliged to submit […]
Catholic calamity…
A young monk arrives at the monastery. He is assigned to helping the other monks in copying the old canons and laws of the church by hand. […]
RE D-Day after 31 March 2013
Monday 15 April was D-Day for those who failed to pass the regulatory exams by the deadline date. An FSP is obliged to advise the FSB of those affected by this, be it […]
Super Surprises
As most SuperBru* players will testify, it was a weekend few could have predicted. The Super Surprises of the weekend in terms of results were the Chiefs losing at home to the Reds […]
Regulatory Exams not passed – What to do
This serves as a reminder of steps to be followed if a person has not successfully completed a regulatory exam by the cut-off date. You must keep in mind that the date of […]
New Accreditation Requirements for Healthcare Accreditation
A document entitled, “Policy Document on the requirements for and process with regard to the accreditation of Health Care Brokers and Broker Organisations”, was sent to registered practitioners in the industry last week. […]
