Is your website using the correct PAIA forms?
Some private and public bodies are still using the forms that were repealed two years ago, the Information Regulator says.
Regulations
People’s expenses change in retirement. Shouldn’t their income too?
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
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Harsh penalties for trustees for non-compliance with new reporting requirements
The offences relate to not recording information about beneficial ownership and service providers that are accountable institutions.
FSCA sets out how intermediaries may be paid for RA fund transfers
Final version of guidance notice on intermediary remuneration published.
Proposed increase in healthcare accreditation fees
It will cost R59 more to be accredited as a healthcare broker if proposed amendments to regulation 31 of the Medical Schemes Act (MSA) are adopted. The Minister of Health, Dr Joe Phaahla, […]
Pending cross-sector regulations that may apply to FSPs
The FSCA has provided an update on how it is progressing with a number of regulatory frameworks that will apply across the financial services sector, including to FSPs. The details are contained in […]
Crypto regulation scenarios for SA
Towards the end of last year, the news broke that Binance, the world’s largest international cryptocurrency exchange by volume, had withdrawn their application for a licence to operate a crypto exchange in Singapore […]
Information Regulator publishes proposed amendments to POPIA
The Information Regulator (IR) has finally published the proposed amendments to the regulations issued in terms of the Protection of Personal Information Act (POPIA). It has also published the Rules of Procedure governing […]
Updated lockdown level 3 rules – Are you compliant with amended regulations?
Adjusted Level 3 Regulations were gazetted on 29 December 2020 and contain further restrictions and stricter penalties for non-compliance with a view to curbing the spread of the virus while retaining a functioning […]
Disaster Management Act Regulations – Alert level 4 during lockdown
The Government recently published the lockdown regulations under the Disaster Management Act. With regards to the Financial Services industry, Part h: Financial and Business Services states: 1. Employees should work from home where possible. […]
Retirement fund default regulations – Three steps in the right direction
On 1 March 2019, three new regulations on retirement savings came into effect. These default regulations impact three important areas of retirement saving: how a member’s contributions are invested while you are accumulating […]
Retirement fund default regulations – Three steps in the right direction
On 1 March 2019, three new regulations on retirement savings came into effect. These default regulations impact three important areas of retirement saving: how a member’s contributions are invested while you are accumulating […]
New POPIA regulations – Law firm sheds some light
The new regulations to the Protection of Personal Information Act have been published in December 2018. However, these Regulations will only come into effect on a date to be determined by the Information Regulator. […]
New POPIA regulations – Law firm sheds some light
The new regulations to the Protection of Personal Information Act have been published in December 2018. However, these Regulations will only come into effect on a date to be determined by the Information Regulator. […]
CMS Circular 18 of 2019: Status update on Demarcation Regulations and a Low-Cost Benefit Package
The current exemption of indemnity products that are doing the business of a medical scheme expires on 31 March 2019. Entities that were granted exemption on their indemnity products in 2017, should submit renewal applications, […]
Proposed new FICA regulations – Changes to international and cash transactions
Changes to international and cash transactions National Treasury recently invited public comments on draft regulations on international financial transactions in terms of section 31, and amendment of regulations on cash transaction reporting and […]
Default regulations for retirement funds – Applicable from 1 March 2019
The Minister of Finance issued the Default Regulations with effect from 1 September 2017. The Default Regulations prescribe conditions for default investment portfolios, default preservation and portability, and annuity strategies for funds. All new default […]
