Compliance Consultation Service
When one suspects a serious ailment, or is diagnosed with one, it is common practice to obtain a second opinion. The same approach should apply in the financial services industry. It is extremely […]
Compliance and Legislation
FAIS Compliance Department
The functions of this department is to handle complaints and enquiries, and institute regulatory action where required. In a presentation at the FAIS Annual conference in July, it stipulated the following sources from […]
CPD Postponed
Board Notice 163 of 2012, published on 3 October 2012, effectively postpones continuous professional development “until further notice.” Readers are reminded to be wary of providers offering workshops claiming that attendance will attract […]
Binder Agreement Workshop
The first Moonstone Brass Tacks workshop, on binder agreements, will be hosted later this month. This no-nonsense, apply-what-you-learn workshop intends setting the new standard in terms of content, cost and applicability. Who will […]
The Cost of Compliance: Survey
This research, conducted in February this year, was prompted by growing concerns that the legislative framework as represented by the Financial Advisory and Intermediary Services Act of 2004 (FAIS) is placing a heavy […]
Irregular Payments
How much justification is there for certain payments, over and above commission? Are you within the law in terms of certain levies you charge your clients? Billy Seyffert, Head of Compliance and Legal […]
Periscope Up
Business forecasts normally appear towards the end of the year, together with reviews of the past year. The financial services industry, and particularly financial advisors, would be well advised to conduct this exercise […]
Orange placed under provisional liquidation
The Financial Service Board confirmed that Orange Insurance Limited (Orange) was placed under provisional liquidation on 24 July 2012, with the return date for the final liquidation order set for 9 October 2012. […]
New list of Recognised Qualifications Published
The long awaited update on recognised qualifications was published in the Government Gazette on 15 August. Board Notice 135 of 2012 contains the list of approved qualifications, and Board Notice 136 of 2012, […]
FSB Media Release – Orange Insurance
ORANGE INSURANCE LIMITED PLACED UNDER PROVISIONAL LIQUIDATION The Financial Service Board hereby informs the public that Orange Insurance Limited (Orange) was placed under provisional liquidation of 24 July 2012, with the return date […]
You be the Judge II
This article in Thursday’s Moonstone Monitor elicited the biggest response in years. Many readers shared their views, and no doubt, their preparation for the regulatory exams was very evident. Thanks for all your […]
You be the Judge
I received the following enquiry from a reader. It reflects a common problem which many FSPs experience when having to determine whether a person is merely providing administrative assistance, or actually giving advice, […]
Continuous Professional Development
In May we published a series of articles on what can be regarded as phase 3 of the Regulatory Examinations: Continuous Professional Development (CPD). It now appears as if a number of training […]
Continuous Professional Development Update
“What’s the buzz? Tell me what’s a-happening” These lines from the musical J.C. Superstar may equally apply to the daily queries we receive about continuous professional development (CPD). We published a series of […]
Continuous Professional Development: Part III
In the previous two articles we discussed the reasons for the introduction of CPD, and the obligations on CPD training service providers. Today we look at what could be expected from FSPs. The […]
Continuous Professional Development: Part II
Many of our readers can attest to being duped by inferior training services providers when the scurry was on to obtain 30 or 60 credits before the end of 2009. This was one […]
Continuous Professional Development: Part I
An overview of the FSB’s proposals on continuous professional development, or CPD. The draft is available on the FSB website, as well as on the Moonstone website. We look at why this ongoing […]
