22 March 2017 Archives

Council for Medical Schemes Issues Demarcation Exemption Framework

Posted on 22 Mar 2017

In our Mastering Compliance issue dated 21 February 2017, we discussed the final Demarcation Regulations to take effect from 1 April 2017. The Demarcation Regulations set out that certain insurance policies that have elements of a ‘business of a medical scheme’ (excluding primary healthcare products and hospital indemnity products) shall be considered ‘health policies’ or … Continued

Annual Financial Statements Part II – The Exemption of Eligible FSPs from Audited Financial Statements

Posted on 22 Mar 2017

Section 19(1) of the FAIS Act requires financial services providers (FSPs) to maintain proper accounting records and prepare annual financial statements. Section 19(2)(a) requires that these financial statements are audited. FAIS Notice 82 of 2015 sets out that the Registrar is satisfied that there are reasonable grounds for the relaxation of the audit requirements to … Continued

Scam Alert – FIC issues warning

Posted on 22 Mar 2017

The Financial Intelligence Centre (FIC) has issued a warning to the public, distancing itself from a scam payment release order letter which has been in circulation. The letter is distributed by criminal scammers claiming that the recipients of these letters, stand to win or gain inheritance funds. The FIC advises that any person who has … Continued

FSB publishes latest FAIS Newsletter

Posted on 22 Mar 2017

The Financial Services Board (FSB) has published its latest FAIS newsletter. The newsletter contains the following topics: New names of the FAIS online systems which changed at the beginning of 2017; The project to update Compliance Officer contact details; Message from the Insurance Compliance Department (ICD) regarding a scenario which may be prejudicial to dependents … Continued

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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.

Mastering Compliance Newsletters

22 March 2017

Council for Medical Schemes Issues Demarcation Exemption Framework

Annual Financial Statements Part II – The Exemption of Eligible FSPs from Audited Financial Statements

Scam Alert – FIC issues warning

FSB publishes latest FAIS Newsletter

EARN CPD HOURS

Mastering Compliance Newsletters

22 March 2017

Council for Medical Schemes Issues Demarcation Exemption Framework

Annual Financial Statements Part II – The Exemption of Eligible FSPs from Audited Financial Statements

Scam Alert – FIC issues warning

FSB publishes latest FAIS Newsletter

EARN CPD HOURS

MASTHEAD IS

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