FAIS Compliance Department
The functions of this department is to handle complaints and enquiries, and institute regulatory action where required. In a presentation at the FAIS Annual conference in July, it stipulated the following sources from […]
FSCA slaps Banxso and directors with record R2bn fine
The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
Rent a Licence
The latest determination by the Ombud again concerns an investment in Sharemax. The Ombud ordered the respondent to buy back the shares at the price it was sold to the complainant. An interesting […]
Binder Agreement Workshop – Content Positioning
The following is a brief summary of what the workshops will entail. Binder Agreements: What are the practical ramifications for my practice? The publication of the new Binder Regulations on 23 December 2011, […]
Get the Bigger Picture
We still receive many enquiries from candidates who are at their wits ends, having attempted to pass the exams on several occasions. What is particularly sad is when they share what this does […]
A living will (best not copied)
Although very applicable, this living will may not conform to the requirements set out above: I, _____, being of sound mind and body, do not wish to be kept alive indefinitely by artificial […]
Living Wills
The article below comes from a newsletter distributed by Sentinel Trust, and was written by Gordon Stuart: From time to time I do get asked about a living will and whether it is […]
Taking Stock of Springbok Rugby Part 2
Let’s just pause for a moment and ask WHY I am in such awe of this team. Well, consistency has never been a problem for the All Blacks but they have something as […]
Bark without Bite?
The latest finding by the FSB’s Enforcement Committee (EC) will no doubt raise an eyebrow or two, given the promise of harsher treatment promised in July this year. A short-term provider transgressed Section […]
CPD Postponed
Board Notice 163 of 2012, published on 3 October 2012, effectively postpones continuous professional development “until further notice.” Readers are reminded to be wary of providers offering workshops claiming that attendance will attract […]
School quiz
My apologies to those born too recently to get this one. Google SABreweries if you need a clue. In response to a question at the recently held Zimbabwe Inter High Schools Quiz, Goromonzi […]
Taking Stock of Springbok Rugby Part 1
After watching the All Blacks literally “blitz” the Boks in the 2nd half of Saterday’s test – a “home” game for the Boks AND at high altitude (something that used to be a […]
Insurance: Advisors vs Clients
This article, first published in the Van der Spuy and Partners newsletter, provides an objective, legal perspective on the obligations of the two parties involved in an insurance contract. Your newly gained knowledge […]
Brass Tacks Workshops
These three-hour workshops cover the following topics: Binder Agreements: what are the practical ramifications for my practice? The Outsourcing Directive: are your administration fees legal? Market practices relating to payment of fees: what […]
How not to come second
How sad is this? The caption that came with this picture reads: He was the only athlete in the 100 metres, but was placed second. A future Protea, by any chance?
Tax Imperatives Seminar
Readers in Cape Town and surrounds are cordially invited to attend this seminar, on 17 October, arranged by Walkers Attorneys in Cape Town. Of particular interest to readers may be the fact that […]
FIC Registration
On 19 September, The FIC sent a notice to Financial Services Providers (FSPs) who had not yet confirmed their registration details in terms of section 43B of the Financial Intelligence Centre Act, No. […]
Hallelujah!
Leonard Cohen’s song of the same name contains the following lines: “Baby I’ve been here before/I’ve seen this room and I walked this floor” The question is: in which room, and on what […]
