FSCA workshops on irregularity reports and funeral parlour FSPs

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The FSCA will host online workshops on irregularity reports and on funeral parlours this month and in December.

The workshops are free of charge, but attendance is limited to the first 1 300 people who register. The platform is MS Teams.

Workshop 1. The different types of irregularity reports

Date and time: Wednesday, 30 November, 9am to 12pm

Contents:

  • Irregularity reports lodged in terms of sections 17 and 19 of the FAIS Act
  • What is a material irregularity?
  • When must the reports be lodged?
  • Who must lodge the reports?
  • What happens after the reports are lodged?
  • Implications if a report is not lodged

Click here to register.

Workshop 2. Funeral parlours that are FSPs: requirements under the FAIS Act and the Long-term Insurance Act

Date and time: Wednesday, 7 December, 9am to 12pm

Contents:

  • Licensing and competency requirements in terms of the FAIS Act
  • Who must be registered as representatives?
  • Underwriting requirements
  • Policy administration and data requirements
  • Premium collection and remittance to the insurer
  • Financial statements and section 19(3) reports
  • Claims handling and payment to beneficiaries
  • Applicable exemptions

Click here to register.

Recordings of the workshops will be posted on the FSCA’s YouTube channel. More information on how to access the recording will be provided after the workshops.

For more information, please contact:

  • Charene Nortier: Charene.Nortier@fsca.co.za
  • Mpho Mashashane-Masango: Mpho.Mashashane-masango@fsca.co.za
  • Xolani Mkumla: Xolani.Mkumla@fsca.co.za
  • Tania Rorke: Tania.Rorke@fsca.co.za
  • Sidwell Francis: Sidwell.Francis@fsca.co.za