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.

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FSP Fined for Promoting Unregistered Foreign CIS

The Registrar of Collective Investment Schemes (“the Registrar”) referred a suspected contravention of Section 65(3) of the Collective Investment Schemes Act, No 45 of 2002 (CISCA) to the enforcement Committee. It was alleged […]

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Hedge Fund Regulation a Step Closer

The National Treasury and the Financial Services Board (FSB) published a Joint media statement outlining their preliminary response to stakeholder comments on proposals released in September 2012 for regulating hedge funds. Annexure A, […]

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To bat first, or not to bat first…

The answer to this Shakespearian question is not as simple as some would think. At the time of writing, Australia was on 369 for 7 in their first innings. There was a lot […]

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Retirement funding gets a boost

The Taxation Laws Amendment Act No. 31 of 2013, published in Government Gazette No. 37158 on 12 December 2013, contains very important changes to the tax treatment of contributions to retirement funding. Hettie […]

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Old Mutual Representatives Granted Exemption

Board Notice 273 of 2013, published in December last year, provides details of an exemption granted to certain Old Mutual representatives in respect of the experience and qualification criteria applicable to: Collective investment […]

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A tale of two spinners

Much of the pre-test hype focussed on whether Michael Clarke’s view, that Australia has the best bowling attack in world cricket, is true. Despite all the hot air doing the rounds, there is […]

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Namibia – IMF concludes Article IV consultation

The International Monetary Fund (IMF) concluded its 2013 Article IV consultation with Namibia on 29 January 2014. The Fund staff’s appraisal acknowledged that Namibia managed to make significant progress in relation to the […]

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Blue Financial Services Loses Licence

A recent article in Business Day shed light on why the FSB suspended the licence of Blue Financial Services, a player in the micro-lending business. “The FSB has suspended the licence as a […]

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Services Under Supervision

The introduction of the FAIS Act brought with it a new set of regulatory requirements, including those pertaining to industry incumbents being fit and proper. As these conditions were refined, it became evident […]

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The Broken Adoption

Say what you like about him, but the guy is nothing short of a cricketing genius. The man, whom most South Africans loved to hate, seems to have been cast aside by his […]

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Causal Event Charges Back in the Spotlight

The latest determination by the Pension Fund Adjudicator (PFA) brought the levying of penalties on retirement annuities, when changes are effected, to the fore again. I was unable to obtain a copy of […]

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Retirement Funding and Tax Deductions

The Taxation Laws Amendment Act No. 31 of 2013 was published in Government Gazette No. 37158 on 12 December 2013. A reader sent me a copy of Momentum’s Legal Update No. 3 of […]

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Do not wait for POPI

Even a genuine mistake can be costly these days. A FSP recently settled for a fine of R50 000 for not obtaining proper authorisation before disclosing confidential client information to a third party. […]

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Die Naweek se Sport

Ses-Nasies Weens verpligtinge by die Stellenbosch Wynfees kon ek ongelukkig nie baie rugby kyk die naweek nie. Dit verklaar dalk ook waarom ek Sondag net die tweede helfte van die “hoofwedstryd” tussen Engeland […]

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"MyLawyer” Settles with Enforcement Committee

The FSB published details of a settlement reached with a company trading as “MyLawyer” (the respondent) who acknowledged that it had contravened section 7(1)(a) of the Short-term Insurance Act (STIA). From November 2011, […]

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