DOFA and the REs
Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives […]
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Changes to aspects of FAIS Ombud’s approach to handling complaints
The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
Read moreFSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
FSB Information Letter 3 on Binder Regulations
The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrar’s interpretation of the regulations from a […]
Representatives under Supervision
In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. […]
FSB Presentations in 2013
The FSB published a list of communication events to be hosted by the FAIS Division between June and December 2013. The events are aimed at FSPs, key individuals, compliance officers and representatives. Please […]
Healthcare Guidelines
The recent document updating the Medical Schemes Council policies and guidelines contained two items which may be of interest to readers. Orphan Client Allocation “…when a member has been admitted to a scheme […]
RE Update: FSB Grants Exemption
The Regulator published the following explanatory note on Board Notice 65 of 2013, which was in the Government Gazette on Tuesday. It concerns an exemption granted to applicants who applied for an exemption […]
Why Regulation is Unavoidable
Quite often, people in the industry question the need for regulation. They look at the issue from their own perspective, and the fact that their clients have never complained about them. Unfortunately, it […]
RE D-Day after 31 March 2013
Monday 15 April was D-Day for those who failed to pass the regulatory exams by the deadline date. An FSP is obliged to advise the FSB of those affected by this, be it […]
New Accreditation Requirements for Healthcare Accreditation
A document entitled, “Policy Document on the requirements for and process with regard to the accreditation of Health Care Brokers and Broker Organisations”, was sent to registered practitioners in the industry last week. […]
Section 14A Debarments
The ASISA publication contains a wealth of useful information: ASISA Members reported that section 14A debarments continue to be a very long process. Employers are at risk when appointing or dealing with persons […]
A matter of Record
We receive many enquiries from readers who require an official record of their qualifications as listed by the authorities. The Inseta website is the place to find this. There are specific guidelines on […]
RE Statistics Updated
Various media reports on the regulatory examinations saw the light recently. A document in this regard also appeared on the FSB website yesterday. It states that the pass rate is now 88%, presumably […]
Training Related News
Approved Qualifications: Robyn Shapiro from Investec wanted to know if the list of approved qualifications was updated since the publication of Board Notice 135 on 15 August last year. It appears that this […]
Retirement Reform Proposals in a Nutshell
If you have not yet come across the words “P-day” and “T-day”, rest assured that you will soon. The draft proposals circulated and discussed by the national treasury (NT) last year, were published […]
