Trustees – Page 2 – Moonstone Information Refinery

Timur Turlov on chess, investing, and why South Africa matters

The Council will provide a CPD-accredited training session for newly appointed healthcare brokers in August.

The FSCA has launched the second and final batch of the 22-module online course for board members of retirement funds.

The induction programme takes place online over two days in February.

The FSCA plans to release the remaining modules in March 2024.

The induction programme takes place online over two days.

Persons who are trustees in their personal capacity only are not accountable institutions.

It may not always be clear when someone has crossed the line into carrying on the business of creating a trust arrangement for a client.

A trustee must attain TKK certification within six months from the date of appointment or election to the board.

What you should know about reporting, calculating penalty interest, the in duplum rule, and the employer’s liability.

The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.

The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.

The offences relate to not recording information about beneficial ownership and service providers that are accountable institutions.

Trustees cannot be expected to have all the information within a few hours of the gazetting of the final regulations, it says.

Trustees will have to report directly to Sars, outside of the current trust tax return process, and before the trust tax return is due.

It also wants to address the inconsistent treatment of non-resident beneficiaries when capital gains are distributed.

Among other things, trustees are obliged to keep adequate records in relation to beneficial ownership.

One of the unforeseen consequences could be the premature acquisition of rights.