9 May 2018 Archives

Understanding the role of the FAIS Ombud in resolving complaints

Posted on 9 May 2018

In this article we highlight two Appeal Board rulings to demonstrate the importance of understanding the role of the office of the Financial Advisory and Intermediary Services (FAIS) Ombud in performing its functions as described and mandated by the FAIS Act. The main objective of the FAIS Ombud is to consider and handle FAIS related … Continued

Reminder: FSPs to establish a Competence Register

Posted on 9 May 2018

Read more about Masthead’s easy-to-use online Competence Register The Fit and Proper requirement to implement a Competence Register came into effect on 1 May 2018. FSPs must be able to report to the Registrar if asked to do so, and therefore must establish a Competence Register where they must keep a record of all qualifications, … Continued

FSCA announces appointment of new FAIS Ombudsman

Posted on 9 May 2018

On 26 April 2018, the Financial Sector Conduct Authority (FSCA) released a statement that Naresh Suresh Tulsie will take over from Noluntu Bam as the new Ombud for Financial Advisory and Intermediary Services (FAIS), effective 1 May 2018. The FSCA noted that Mr. Tulsie will be responsible for promoting consumer protection and fostering the integrity … Continued

Proposed changes to Advertising

Posted on 9 May 2018

The proposed changes to the General Code of Conduct (GCoC) published during November 2017 applies to all authorised Financial Services Providers (FSPs), Key Individuals and Representatives and any changes will therefore have a direct impact on FSPs. Although the proposed amendments have not yet come into effect, they cover several areas. This article aims to … Continued

MASTHEAD IS

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

9 May 2018

Understanding the role of the FAIS Ombud in resolving complaints

Reminder: FSPs to establish a Competence Register

FSCA announces appointment of new FAIS Ombudsman

Proposed changes to Advertising

EARN CPD HOURS

Mastering Compliance Newsletters

9 May 2018

Understanding the role of the FAIS Ombud in resolving complaints

Reminder: FSPs to establish a Competence Register

FSCA announces appointment of new FAIS Ombudsman

Proposed changes to Advertising

EARN CPD HOURS

MASTHEAD IS

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info@masthead.co.za

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