Calling all Armchair Selectors
With all the attention shifting to the Rugby World Cup in September in England, my colleague André Marais recently invited a few of us to put on our thinking caps about a possible […]
FSCA can serve penalty notices electronically on foreign respondents
As a result of the declarator, the High Court ordered the Tribunal to revisit its decision regarding the R50m fine imposed on Viceroy Research.
Remorse as a Mitigating Factor
The latest decision by the FSB Appeal Board contains an interesting perspective on the impact of remorse in cases where a review of a decision by the Regulator is requested. The reasons for […]
Preparing for the Regulatory Exams
It is disconcerting to hear how many candidates totally underestimate the level at which the exams are pitched. This is often enhanced when one uses study material containing self-assessment tests which are not […]
Prescribed Minimum Benefits to be Extended?
Intentions by the Department of Health to amend regulations concerning prescribed minimum benefits in terms of the Medical Schemes Act were challenged by Genesis in court on 18 June 2015, asking that the regulations be […]
PAIA Deadline Looming
The ill-fated Promotion of Access to Information Act of 2000 is rearing its head again. Moonstone Compliance provides all its clients with a PAIA manual. The cost of producing such a manual varies […]
South Africa's CIS industry earns a C – Patrick Cairns
Earlier this month Morningstar released its 2015 Global Fund Investor Experience report. The study rates the collective investment scheme (CIS) industries in 25 countries based on how customer friendly they are. Morningstar gave […]
South Africa flouts rule of law with Al-Bashir incident
At some point before or during the 25th African Union (AU) summit held in Gauteng during June 7-15, the South African government crossed an extremely dangerous line. The executive took a decision to […]
POPI Road Map
Last week’s publication of the Everlytic Guide to Navigating POPI proved to be very popular with readers. It is an easy to read, colourful document, and ideal to use in training sessions for […]
More Debarments end up in Court
Two financial advisers in KZN turned to the High Court in Pietermaritzburg after being debarred by their former employer. According to an article in the Mercury, the reason for the debarment, given by […]
IFA Investment Survey
A study, conducted amongst independent financial advisers by Insight Discovery, could not have come at a better time, given the current review of retail distribution in South Africa. One of the areas currently […]
A Blueprint for Success
On Monday night, I stopped watching the Springbok under-twenty match about fifteen minutes before the end. It was just too humiliating watching them self-destruct when their plan A failed. What is even more […]
Compliance Reminders
FSPs with a financial year end of 28 February, have until the end of June to submit their Financial Statements to the FSB. The Exemption of FSPs and Representatives from Section 13(1)(c) of the […]
RDR Expectations from the FSB
RDR Implications This is the final article based on a presentation on the Retail Distribution Review by the FSB at the Discovery Financial Planning Summit on 19 May 2015. Implications for financial advisers We will […]
FAIS Rewrite Preparatory Workshops
“If you don’t pass the Financial Advisory and Intermediary Services Act (FAIS) Exams first time round, persevere. Discipline and the correct training seem be to be the key to passing the exams rewrites,” […]
POPI Update
It appears that our readers are more attuned to complying with pending legislation than public enterprises. Grant Thornton recently published an article titled: “Public Sector falling behind in POPI Act compliance”: “More than […]
Debarment ends up in Appeal Court
The intricacies and confusion around the debarment process were yet again highlighted in a recent case in the Appeal Court. Background A representative of a major life office resigned on 31 May 2012 and took […]
Afrigter Praatjies
Die Cheetahs is ten minste dié keer voor die res wat die aanstel van ‘n afrigter betref. Franco Smith verstaan die Vrystaat kultuur, en volgens berigte geniet hy hoë aansien in Europa waar […]
