Last chance to register for Regulatory Update Workshop 2023

It’s that time of the year when the team from Moonstone Compliance brings you up to speed with key regulatory developments that impact your business. Save the date for our ever-popular Regulatory Update Workshop: Thursday, 30 March.

Registration is now open for the workshop, which will take the form of a webinar on Microsoft Teams, from 10am to 12.30pm. Click here to register.

As always, the workshop will be jam-packed with relevant information presented in an easily understandable way by experts in their fields.

In the first session, Billy Seyffert will review the changes to the FAIS and insurance legislation and update you on developments since our last Regulatory Update Workshop. The agenda includes:

• The amendments to the General Code of Conduct for Authorised FSPs and Representatives.
• The exemption that allows independent intermediaries to receive compensation, over and above commission, for performing activities that support the direct collection of insurance premiums.
• Crypto assets and the licensing of crypto asset providers.
• Clarifying the status of representatives.
• The Conduct Standard setting out the requirements relating to third-party cell captive insurance business.
• The draft Joint Standard on cybersecurity and cyber resilience.
• The Financial Intelligence Centre Act and anti-money laundering, which have received significant attention from both the Financial Intelligence Centre and the FSCA.

Billy will end the session with a quick update on where the industry currently finds itself and what changes can be expected in future.

Business email compromise

After the break, Andrea de Jongh will help you to understand what business email compromise (BEC) is, what your obligations are in terms of POPIA’s “security safeguard” processing condition, and what to do to avoid falling victim to such an incident.

A recent Gauteng High Court case, where the ruling found against a prominent law firm, indicated that sending bank details by email is inherently dangerous, and the interest of society demands that institutions recognise a legal duty to treat banking details as financially sensitive information, particularly where the risk of BEC can be foreseen.

Implications of the new earnings threshold

Then the attention shifts to the new earnings threshold announced by the Minister of Employment and Labour in terms of the Basic Conditions of Employment Act with effect from 1 March 2023. Andrea will help you to understand what the threshold is, what is meant by earnings, the practical implications for all employees, and how you should approach the current terms and conditions in your contract of employment templates.

Discount for our Compliance clients

As usual, clients of Moonstone Compliance qualify for a discount – the cost is R375 per person (excl. VAT), whereas non-clients pay R550 per person (excl. VAT).

Registration closes on Friday, 24 March, and payment must be received by the same day.

Key individuals, representatives, compliance officers and internal legal officers will derive great value by attending the Regulatory Update Workshop. People responsible for operations management, general risk management and marketing will also definitely benefit from attending.

Moonstone Compliance’s Regulatory Update Workshop is a great opportunity to set your regulatory bearings for 2023 … and beyond. Register today by following this link.