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.
Things Irish
My thanks to Janet Harding of Plett who shares my passion for things Irish. Practical Paddy This bloke at a horse race whispers to Paddy next to him, “Do you want the winner […]
Shall the Twain ever meet?
This article concerns the difference between legislative requirements and practical reality. A recent conversation with a reader concerned the requirement that financial statements must be submitted within four months. Before, FSPs had six […]
Assistance with Licensing Requirements
In all endings, there is always a beginning. On 30 June, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us […]
Level 2 REs and Qualifications
The article in last week’s Moonstone Monitor on training related matters elicited quite a response from people who require assistance with planning their future training obligations. We mentioned in the article that Board […]
Proof of RE Status
A reader wrote as follows: Please clarify the issue of RE Level 1 certificates. When I wrote my RE5 and RE1, I was notified by email and a certificate was attached. I am […]
Heroes and Villains
It has become a bit of a habit to use a song title for this column. I was stuck this week until a very unlikely character came to my rescue, and reminded me […]
Mistakes on resumés which lead to a “Don’t Call us” response.
These are from actual resumés: “I am extremely loyal to my present firm, so please don’t let them know of my immediate availability.” “Qualifications: I am a man filled with passion and integrity, […]
Training Re-Focus
The introduction of the level 1 regulatory examinations in November 2010 shifted the focus from product training to RE preparation. Up to the end of 2009, when FSPs and reps needed a minimum […]
Extension of Deadline…
Gogga maak (amper) vir Baba Bly Die Reguleerder het Vrydagmiddag, skuins voor 15h00, ’n media vrystelling uitgestuur met die opskrif: “Deadline for Regulatory Examinations”. Die eerste wat ek hiervan te hore gekom het, […]
RE 4 now available
I received news yesterday that the level 1 regulatory exams for Category III Key Individuals (RE 4) is now available. Please click here to access the exam schedules to register for this exam. […]
Save the second last dance for me
The Crusaders did themselves no favour by losing to the Hurricanes over the weekend. By picking up just one bonus point, they opened the door ever so slightly for three teams hovering on […]
Roche Cowley sent me this little gem.
This is dedicated to all of us who are seniors, to all of you who know seniors, and to all of you who will become seniors. An irate customer called the newspaper office, […]
Our own Second Transition?
The financial services industry cannot be seen in isolation to what happens in the rest of the country. President Zuma’s recent initiative regarding matters of state should also be applied to what happened […]
Assistance with Licensing Requirements
In all endings, there is always a beginning. On Friday, we submitted the last of our licence applications to the FSB as a “recognised licensing body”. This status was afforded to us in […]
When all else fails…
I am, like most males, definitely guilty of thinking that I can achieve anything without directions. The availability of the GPS makes my life a lot less embarrassing, especially when I have to […]
After the Lord Mayor’s Show
Failure to write the REs within the stipulated time frames calls for action on the part of those affected. The following guidelines were published by the FSB to assist FSPs in conforming to […]
