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Tag Archives | Compliance

outsourcing-compliance

FIC Public Compliance Communication 12A provides guidance on outsourcing of compliance activities to third parties

In June 2020, the Financial Intelligence Centre (FIC) called for comments from accountable institutions, reporting institutions, supervisory bodies, and other persons, as discussed in a Moonstone article titled “Draft Public Compliance Communication 12A – Guidance on outsourcing of compliance activities to third parties”. These comments have now been considered and as a result the FIC issued […]

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webinar

2021 Annual Self-Comply Compliance Webinar – Registration still open

Registration for Moonstone’s popular annual self-comply workshop for 2021 is still open. Don’t delay – book your spot today! The annual webinar aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be presented on Wednesday, 24 February 2021. Why should I register to attend? The financial services environment has changed […]

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webinar

2021 Annual Self-Comply Compliance Webinar– Earn 3 hours CPD

The annual webinar, aimed specifically at Financial Services Providers NOT required to appoint a compliance officer, will be hosted on Wednesday, 24 February 2021. The three-hour session is geared towards the changing “conduct” environment in the financial services sector and the outcomes thereof. This webinar is also accredited by the Financial Planning Institute (FPI) and […]

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pension-fund

Draft PIC Public Compliance Communication 12A – Guidance on outsourcing of compliance activities to third parties

The Financial Intelligence Centre (FIC) is calling for comments from accountable institutions, reporting institutions, supervisory bodies, and other persons on the draft Public Compliance Communication 12A (draft PCC 12A). The draft PCC 12A is an update to the existing Public Compliance Communication 12. The draft PCC 12A provides guidance and clarity on what compliance activities […]

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businesses

COVID-19 impact – Extension granted for certain compliance requirements

In response to the impact of COVID-19 and the nationwide lockdown on South Africa in general, and the financial services industry specifically, the Financial Sector Conduct Authority (FSCA)announced various extensions. These include the Financial Markets Act as well as Conduct of Business returns. Financial Markets Act of 2012 FSCA Communication 40 OF 2020 (FM) states […]

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Document

POPIA – How to start your compliance project

Considering the just announced POPIA “go live” date, Ilze Luttig Hattingh of Novation Consulting, advises on seven things you can do to kickstart your POPIA compliance project – even during a worldwide pandemic: 1. Assemble a project team 2. Do an information governance (IG) maturity assessment 3. Work out a high-level project plan 4. Work […]

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Covid-19

Internal COVID-19 Compliance Officer – Focus on Disaster Management as distinct from Fit and Proper CO

The latest Regulations in terms of the Disaster Management Act set out specific measures that employers are required to take to protect their employees in the workplace from COVID-19. According to the Level 4 Regulations (Sec 16(6)) as well as Clause 16.5 of the COVID-19 Directives on Health and Safety in the Workplace, the employer must designate […]

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