FSB Telematics Broadcast 3 October 2013
The agenda of the 3rd of October’s broadcast is very similar to the workshop intended for licence category II and IIA FSPs, and includes the same speakers. 3 October 2013 – Satellite workshop […]
FSB
FSB Warning Against Unlicensed Entities
The FSB urgently called on the public to refrain from conducting business with the following entities: Ledimar Ledimar Financial Services (Pty) Ltd; Ledimar Stock Trading (Pty) Ltd; and Ledimar Investment Holdings CC. Their […]
Funeral Industry Arrangements Under Review
Co-administration agreements (also referred to as profit-sharing or 80/20 agreements) between insurers and funeral parlours or funeral administrators are under the magnifying glass of the FSB. This is very much in line with […]
Debarments a Sorry State of Affairs
“The volumes of cases for debarments are mind boggling as they paint a picture of an industry replete with misfits and incompetent representatives. Simply put, the public is at risk.” Harsh words from […]
FSB Internet Technical Specifications
If you experience problems accessing information from the FSB website, please read the information below. This is copied directly from the Regulator’s website. Internet Browsers The FSB developed this website to work correctly […]
Telematic Broadcasts Keeping you Updated
These communication sessions offer the industry an opportunity to communicate directly with the Regulator on practical matters. When I looked at the registration page this morning, there were still a number of empty […]
FSB Proposes Amendments to 3 Board Notices
In a notice published last week, the FSB requests input from the industry on proposed amendments to three Board Notices: The 2008 Determination of Fit and Proper Requirements The 2008 Determination of Qualifications […]
FSB Enforcement Committee
Other than what the name suggests, this is not the kind of entity that will pitch up in the middle of the night with a baseball bat to test your reflexes by beating […]
Debarment under the Loop
A recent finding in a high court case in Port Elizabeth, serves as a timely reminder to Key Individuals and Compliance Officers to be very circumspect when debarring a representative. A representative, who […]
Enforcement Committee Fines
We received two media releases from the FSB this week. In the first, The Lawyers Voice (Pty) Limited (“Lawyers Voice”) marketed and sold three different insurance policies which were not underwritten by a […]
New Appointments at FSB
The Minister of Finance approved the following appointments, as recommended by the FSB: Ms Caroline da Silva as Deputy Executive Officer for Financial Advisory and Intermediaries Services, replacing Mr Gerry Anderson, Deputy Executive […]
Correction to Moonstone Article on Licensing
We were approached by the Registrar regarding some of the information contained in an article titled “FSB Licensing – Part I”. The FSB pointed out certain statements in the article which are incorrect, […]
Problems downloading FSB Circular 1 of 2013?
This document, entitled “Disclosure of Fees and other potential Conflict of Interests on Third Party Collective Investment Scheme Portfolios” proved to be difficult for some people to download. Please click here to download […]
FSB & JSE are world class
Financial Services Board (FSB) and Johannesburg Stock Exchange (JSE) are world class regulators The recently published Global Competitiveness Survey of the World Economic Forum (WEF) holds many reasons for South Africa to be […]
FSB releases latest news on REs
Fais Circular 7/2012 of 22 May 2012 contains the following information regarding the Regulatory Examinations: Confirmation of the deadlines for each of the level 1 examinations to ensure that there are no misunderstandings […]
FSB Stats Response
The publication of the Moonstone REView on Friday arguably drew the biggest response from readers since the announcement of the regulatory exams. It was quite fascinating trying to analyse the calculations readers shared […]
RE Statistics
FSB press release: Regulatory examination statistics – There are 11 weeks remaining to the 30 June 2012 deadline for Financial Service Providers to write their regulatory examinations. All candidates that have not yet […]
