Posted on 5 Apr 2016
FSPs with a financial year end of 31 December 2015 need to submit their Annual Financial Statements by the submission due date of 30 April 2016. It is therefore very important that FSPs keep in close contact with their auditor or bookkeeper to ensure that their financial statements will be ready for submission prior to … Continued
Posted on 5 Apr 2016
The FSB has issued a press release on an administrative penalty of two million rand imposed by the Enforcement Committee on a funeral parlour that sold funeral insurance without being registered as a long-term insurer. The Enforcement Committee imposed a penalty of two million rand on a funeral insurance business after discovering that it had … Continued
Posted on 5 Apr 2016
On 23 March 2016 the FIC issued a Public Compliance Communication (PCC35) setting out a guideline for Accountable Institutions to assist them in implementing proper controls, processes and internal rules in terms of the FIC Act. In terms of the FIC Act, Accountable Institutions (AIs) are required to implement procedures and processes that will regulate … Continued
A national supplier of risk management services to independent financial advisors and other licensed financial service providers (FSPs). Established in 2004, we help our clients overcome their risk management challenges so they can grow and thrive in an increasingly regulated industry. Providing professional guidance and practical support, our team of specialists is passionately committed to delivering tangible solutions.
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