The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within an annual 12-month cycle between 1 June and 31 May of a specific year. The FSCA recently extended this year’s deadline to 31 July 2019 – a date that is just more than two weeks away. But what happens […]
Tag Archives | FSCA
FSCA – website down this weekend
There will be planned maintenance of ICT systems starting on Friday 5 July 2019 at 17:00, until Sunday 07 July 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible during this time.
FSCA – New appointment of Divisional Executive for Conduct of Business Supervision
Ms Kedibone Dikokwe has been appointed as the Divisional Executive: Conduct of Business Supervision, effective from 1 July 2019. This is the division that supervises the way financial institutions interact with their customers. In this role Ms Dikokwe will oversee the implementation of the FSCA’s supervisory program of financial products and service providers operating in […]
Proposed levies on Financial Institutions – FSCA requests comments
According to Pam Saxby of Legalbrief Policy Watch, the FSCA has called for input by 21 June 2019 on proposed levies for the 2019/20 financial year to be imposed on a raft of affected institutions. This includes: pension funds, their administrators and adjudicators; retirement annuity funds; friendly societies; short-term insurers and Lloyd’s underwriters; long-term insurers; intermediaries; collective […]
FSCA News – Website down as a result of maintenance
There will be planned maintenance of ICT systems, starting on Friday 7 June 2019 at 17:00, until Sunday 9 June 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible during this time.
CPD – FSCA answers your questions about non-compliance
It is critical for everyone to familiarise themselves with the answers to some very relevant and important questions. Let’s focus on a few responses from the FSCA: What happens if the FSP/ key individual / representative do not meet the CPD hour requirement by the end of a CPD cycle? Non-compliance with any competence requirement […]
CPD game plan not an optional extra – FSCA clarifies requirements
The last week of May 2019 will be remembered for three things by South Africans. Firstly the rush and urgency by FSPs, key individuals and representatives to ensure that they were compliant with the CPD requirements, secondly the bad start to the Cricket World Cup by the Proteas and thirdly, the FSCA’s two month exemption […]
CPD requirements – Extended CPD activity explained
The publication of the FSCA’s FAIS Notice 35 of 2019 triggered a few questions in the industry. The FAIS Notice states that “FSPs, key individuals and representatives who are members of foreign professional bodies, are exempted from the CPD requirements to the extent that all reference to “CPD activity” in the Fit and Proper requirements […]
Earn 5 CPD hours – Register for “The Trust Dilemma”
In the absence of trust, no relationship can be sustained. Trust, therefore, forms the basis of any relationship. MBSE has developed a course to equip delegates with all the necessary tools and skills to establish, develop and maintain levels of trust in their relationships. The course is presented by Stefan Lessing, Executive Director at Tru-Heart […]
FSCA Retirement Funds Workshop – Application for registration closes tomorrow
The FSCA’s Retirement Funds Supervision Division (RFSD) will be hosting a one-day workshop to provide guidance for trustees on some of the important aspects of the Pension Funds Act, 1956 and Financial Sector Regulation Act, 2017. Ideally, candidates applying for registration should be persons who are being groomed to become retirement fund trustees, persons who […]