All accountable institutions, reporting institutions and relevant persons (collectively referred to as a “reporter”) has an obligation to monitor, detect and report suspicious or unusual activities and transactions in terms of section 29 […]
The Financial Intelligence Centre (FIC) has published Public Compliance Communication 44 (PCC 44) which applies to accountable institutions (AI), reportable institutions (RI) and all other relevant persons. PCC 44 aims to provide guidance on the […]
The FSCA has just released their response to comments received on the published draft Exemptions from the STIA and LTIA Regulations. In addition, the FSCA also published the following two exemption notices which […]
by Patrick Cairns A man entering retirement can currently expect local insurance companies to offer starting annuities of roughly between R5 250 and R5 850 per month for every R1 million of capital he has. This […]
– Ensure appropriate qualification for the applicable financial product One of the frequent questions we receive around the new Fit and proper Determination (Board Notice 194 of 2017) is whether or not a […]
Keep the first bulb switched on for a few minutes. It gets warm, right? So all you have to do then is … switch it off, switch another one on, walk into the […]
You can be young without money, but you can’t be old without it. Tennesse Williams Retirement reform, RDR and TCF all speak to better outcomes. Old style, conventional retirement annuities have been singled […]
Compliance report workshop for category I FSPs without a compliance officer. Compliance Reports for these FSPs cover the period 1 January 2011 until 31 December 2011 and need to be submitted ELECTRONICALLY to […]
