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.
The Real Cost of Compliance
This article appears in the December/January 2013 edition of INVESTSA Remember the spaghetti western “The Good, the Bad and the Ugly”? In one scene, Eli Wallach, on horseback, leads Clint Eastwood, on foot, […]
Comment on 2013 Draft Compliance Reports
The FSB invited comment on the draft 2013 compliance reports published on their website. Changes for 2013: • There are no substantial changes to the content of the reports. Some of the changes include […]
Action against RE Defaulters
FAIS Circular 2 of 2013 contains details of the action to be taken against those who failed to comply with the requirement to write the regulatory exams by the end of June last […]
FSB Communications
RE Support Workshops The FSB will be running a limited number of Assistance Workshops, identical to those currently presented by Inseta. This is to accommodate those candidates who were unable to attend the […]
Sharks in Shallow Waters?
Looking at the fixture list for the Super 15 series, the Sharks, like the Stormers, face a rather hectic schedule at the start of the tournament. They play the Cheetahs in Bloem, the […]
Grandchildren are Sharp
1. My young grandson called the other day to wish me Happy Birthday. He asked me how old I was, and I told him, 80. My grandson was quiet for a moment, and […]
New FSB “General Awareness” Workshop
A “General Awareness” telematic broadcast workshop will be run on 7 March, and will address the following topics: Termination of business The Disclosure of Fees and other potential Conflict of Interests on Third […]
Twin Peaks Time Lines
The following section appears in the implementation document published on 1 February 2013. Moving towards a twin peaks model of financial regulation will result in the South African Reserve Bank’s organisational design changing […]
Storming into the Tournament
There is just enough time left before the start of the Super 15 to look at the draw for each of of the South African teams, and the potential impact of this on […]
Sharemax Beslissing en die Doel van FAIS
Die Toets vir Geskiktheid (The Suitability Test) Die vereiste dat adviseurs ‘n omsigtigheidstudie (due diligence) moet uitvoer ten opsigte van produkte wat hulle aanbeveel, word verder as volg toegelig in die Ombud se […]
The Business of Advice
Let me take you back in time. To a time when Insurance Salesmen – and men they were – roamed the Earth. Despite talk of ‘Building a Business’, the reality was stark. For […]
Your language lesson:
The difference between Complete and Finished… No dictionary has been able to adequately explain the difference between COMPLETE and FINISHED. However, in a recent linguistic conference held in London, England, and attended by […]
Final Date for Reps to write RE 5
I blamed a tough year for having difficulty in following the reasoning in this circular when it was published in December last year. When I read it this morning, I thought that, rather […]
Implementing the Twin Peaks Model
The original policy document, A safer financial sector to serve South Africa better, published in February 2011, announced a wide-ranging set of reforms to improve the institutional structures to support financial regulation. The […]
FSB calls for Feedback
The FSB would like to encourage all its stakeholders and interested parties to participate in the consultation process initiated by the publication of A safer financial sector to serve South Africa better in […]
Rise and Shine
One of the best things to happen in South African rugby last year, was the brand new crop of brilliant youngsters. Eben Etzebeth and Marcel Coetzee, for example, made their mark in no […]
