The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
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The Financial Intelligence Centre (FIC) is preparing to launch a new registration and reporting system called goAML at the end of April 2016. New Registrations The last day for an accountable and reporting institution […]
The government proposes to amend regulations concerning deductions from social assistance grants by making an affordability assessment a prerequisite to entering into any agreement to provide funeral cover to the beneficiary of a […]
In 2010, PwC began a scenario analysis around the trends reshaping insurance and what the industry would look like by 2020. The scenario planning was based on interviews with more than a thousand […]
The Enforcement Committee of the Financial Services Board levied a penalty of R100 000 against a short-term insurer, following a referral by the Registrar of Short-term Insurance stemming from a contravention of section 44 […]
A presentation at the FSB Insurance Regulatory Seminar provided practical insight into what we can expect from market conduct supervision when the new regulatory body is in place. We are rapidly approaching the […]
A draft response document to comments received from stakeholders and members of the public on this year’s proposed taxation laws and tax administration laws amendment Bills was published on 15 October 2015 by National Treasury […]
The “Draft Market Conduct Framework” contains an example of a short-term claim to show how the new format, under Twin Peaks, will allow the Regulator to act in a more pre-emptive manner. The […]
Fitch Ratings announced on 4 September that it has decided to withdraw its Financial Services Board (FSB) credit rating agency registration of its South African subsidiary, Fitch Southern Africa (Pty) Ltd. “The decision […]
The latest Annual Report of the Registrar of Pension Funds states that approximately Twenty billion Rand in unclaimed benefits is owed to about 3.5 million beneficiaries. Many funds employ the services of tracing […]
Regulatory Exam Body Moonstone’s facilities are the first choice for most candidates who are obliged to write Regulatory Examinations in South Africa. Moonstone offers candidates entry to all Regulatory Exams. [toggle title_open=”Moonstone Mandate […]
The Lewis Group indicated that it will refund a total of R69 million in premiums and interest to pensioners and self-employed customers who were sold policies for loss of employment, which would, of course, […]
In response to a number of enquiries, we provide some clarification on the content of these important notices. We encourage you to read this in conjunction with the actual documents which are linked […]
We receive numerous requests for copies of RE1 and RE 5 certificates from candidates who mislaid theirs. You can download a copy from our website provided of course, that you wrote with Moonstone […]
This very welcome FSB publication, published on 30 June 2015, contains a lot of need-to-know information. Some topics were covered in our publications before, but this is an excellent document to keep in a safe […]
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 […]
At the Discovery Financial Planning Summit, held on 19 May 2015, Mr Jonathan Dixon of the FSB discussed feedback received from the industry on remuneration proposals in the Retail Distribution Review. Investment product remuneration While […]
