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The financial services industry in South Africa has become highly regulated. Please browse to find some of the most important legislation applicable to financial service providers.
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Posted on 15 March 2018
In previous issues, we unpacked the amended Fit and Proper requirements of Board Notice 194 of 2017. This is the final issue of our series where we will recap the highlighted changes and various requirements that need to be implemented and complied with before each deadline date. FSPs must pay close attention to these changes …
Posted on 8 March 2018
The new Fit and Proper requirements have introduced some important changes to the financial soundness requirement, particularly for those FSPs that collect premiums or hold client funds, and also for those FSPs that have Juristic Representatives. In this article we will focus on the new requirements for all FSPs, which include new liquidity calculations, reporting ...
Posted on 8 May 2018
In February 2018, Masthead submitted a feedback report to the FSCA (previously FSB) regarding the proposed amendments to the General Code of Conduct. Members can log in to Connect to read the report
Posted on 11 April 2018
The Registrar of Pension Funds issued Directive PF No. 8: Prohibition on the Acceptance of Gratification and is effective from 8 March 2018. Read more.
Professional Financial Solutions