Taxpayers should inform SARS if they have been unemployed for a full year or longer, to avoid being flagged as non-compliant.
Read moreIn a media release on 21 May 2013, the Financial Services Board (FSB) announced that it has initiated regulatory action against Old Mutual for transgressions of Directive 159.A.i which applies to both the […]
Not a day goes by without us being asked for advice on the best study material for the level 1 REs. In terms of our status as an approved regulatory exam body, we […]
Most of you can probably recite the legal definition of “advice” and “intermediary services” off by heart, having studied for the REs, but how many know how to interpret it correctly? The FSB […]
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives […]
In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. […]
We pointed out on Monday that the information appearing on the FSB website differed from what we understood the process to be. We referred the matter to the Regulator, and received an amended […]
We received the document below in the form of a media release on 24 April 2013. It appears that a substantial number of people applied for an extension of the final date to […]
The FSB announced that candidates who applied for an exemption afforded under Board Notice 65 of 2013 will be allowed to continue doing business until such time as the result of their application […]
The Procedure to apply for an exemption/extension is as follows: The application must be addressed to The Registrar: Financial Services Providers. The applicant is required to write a letter explaining what efforts were […]
The Regulator published the following explanatory note on Board Notice 65 of 2013, which was in the Government Gazette on Tuesday. It concerns an exemption granted to applicants who applied for an exemption […]
A number of readers approached us regarding the consequences of not passing the level 1 REs by the required date. Many are of the opinion that they can carry on as usual until […]
Monday 15 April was D-Day for those who failed to pass the regulatory exams by the deadline date. An FSP is obliged to advise the FSB of those affected by this, be it […]
This serves as a reminder of steps to be followed if a person has not successfully completed a regulatory exam by the cut-off date. You must keep in mind that the date of […]
We received a very welcome letter of thanks from a training service provider who commended our RE personnel for the excellent service rendered, especially over the last few weeks, to get results to […]
A reader questioned the requirements in terms of the regulatory exams for new appointees as key individuals (KI) or discretionary fund managers. Those who want to apply for appointment as Category II or […]
