The End of an Era
Bobby Londt To describe King Kallis’s career in a blog would not be possible, nor would it do justice to a career that ranks up there with the best. For this reason, this […]
Moonstone Business School of Excellence launches training for FAIS representatives
MBSE’s RE 5 training is a comprehensive course designed to enhance your understanding of key regulatory frameworks and real-world applications.
Read moreAfrica – Washington’s Africa Summit needs economic and trade clarity
The US agenda driving this week’s Africa Summit in Washington, where some 50 African states will be represented, remains something of a mystery. Africa’s agenda, by contrast, should be clear – economic ties […]
Debarments Contested in Court
The headache around the lack of proper procedure by FSPs when debarring representatives appears to be continuing, despite clear guidelines from the Regulator. In the FSB’s first quarterly bulletin of 2014, the problem […]
Springbok Squad for Rugby Championship
The announcement of the squad was delayed to this coming Saturday as a result of the Sharks making the semi-finals. One suspects that the ultimate list of 30 players will be a mixed […]
Commission on Orphan Policies – Part II
Tony, a reader in Durban, was one of several people who responded to an article on this subject in the Moonstone Monitor of 24 July 2014: The issue of commission on orphan policies […]
Is Justice Fully Served?
A reader recently enquired about laying a complaint with the office of the FAIS Ombud. The enquiry stemmed from an investment that one of his clients made in the calamitous RVAF scheme, which […]
FICA Exemption
The Financial Intelligence Centre published Public Compliance Communication (PCC) 29 to provide guidance on the application of Exemption 4 of the FIC Act which provides for the reliance by one accountable institution (the […]
Gold for the Super Sevens Side
Winning the gold medal at the Commonwealth games is fantastic. Beating New Zealand in the final is priceless. As Supersport puts it: Their 17-12 victory meant that the Kiwis lost their first ever […]
Nigeria – Monetary policy instruments left unchanged
The first Monetary Policy Committee (MPC) meeting led by the new governor, Godwin Emefiele, was held on July 22. As at the May MPC meeting of the Central Bank of Nigeria (CBN), all […]
Commission on Orphan Policies
What happens to the commission of intermediaries who resign, or whose contracts with product providers are cancelled? The latest FAIS Ombud newsletter contains an example which throws some light on the subject. Ombud […]
Proposed capping on Consumer Credit Insurance Premiums
Last week we commented on a request for public response to a “Technical Report on the Consumer Credit Insurance Market in South Africa”. One of the proposals concerns regulating the pricing of CCI. […]
Let’s start at the very beginning
This line from “The sound of music” applies equally well to those who have written the level 1 REs on several occasions and failed. It may be wise to stand back, review what you […]
Will History Repeat Itself?
I want to take you back to 17 May this year. The Sharks recorded one of their finest victories ever on this day when they broke the SA drought against the Crusaders in […]
Fourth Ombud Ruling on RVA Fund
The office of the FAIS Ombud published its fourth determination against a financial advisor on Friday. In essence, it found that, in four all instances, the losses suffered by investors resulted from clients […]
Appeal Process
The FSB provided the following guidelines for RE candidates who wish to appeal: Candidates have the right to lodge an appeal in respect of the regulatory examination. Appeals are directed at the content […]
Proteas Break the Mould
On Thursday, I had to swallow my words when JP Duminy and the tail-enders batted South Africa to a match-winning first innings total. This was followed by the bowlers, spearheaded by Dale Steyn, […]
