Posted on 9 Oct 2018
FSPs are reminded that the FAIS Levy Invoices should have been received with payment due before 31 October 2018. If an FSP has not received their invoice, we suggest that they contact the FSCA requesting that the invoice be resent to them. Failure to pay levies timeously can result in licence suspension.
Posted on 9 Oct 2018
Category IV FSPs must submit their Annual Compliance Reports to the FSCA on or before 31 October 2018 in terms of FAIS Notice 54 of 2018. FSPs and Compliance Officers are encouraged to submit their reports using the FSCA’s online submission method on the FSCA website: www.fsca.co.za Should you have any enquiries relating to the submission of the report, please contact your … Continued
Posted on 9 Oct 2018
Rule 19 of the Policyholder Protection Rules (PPRs) made under the Long-term Insurance Act requires long-term insurers to meet certain requirements before entering into an individual risk policy that is a replacement policy. The FSCA (previously the FSB) had provided an initial draft format of the replacement advice record to industry associations for comment in … Continued
Posted on 9 Oct 2018
The Financial Sector Conduct Authority published the amendments to the Policyholder Protection Rules prescribed under section 62 of the Long-Term Insurance Act and section 55 of the Short-Term Insurance Act. The Amendments took effect on 1 October 2018. To download all the documents relating to these amendments, click here.
Posted on 9 Oct 2018
The FSCA published a consultation paper on Exemption on Services under Supervision at the end of July 2018 to align the requirements for representatives acting under supervision with the new Fit and Proper Requirements[1] and to address some of the Conduct Authority’s concerns. The proposals also reflect the shift to principle and outcomes-based regulation, leaving … Continued
Posted on 9 Oct 2018
Central to the Financial Advisory and Intermediary Services (“FAIS”) Act and the Retail Distribution Review (“RDR”) is quality and suitable advice to clients. In this article we look at how some of the main proposed amendments to the FAIS General Code of Conduct published for consultation in November 2017[1] will impact an advisor’s advice process. … 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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This document illustrates the Privacy Policy for this Website, www.masthead.co.za
Personal Information
The privacy policy illustrates how Masthead (Pty) Ltd protects the information that is provided to it by its users.
Masthead (Pty) Ltd will not sell or rent its user’s personal identifiable information to third parties.
Sharing of Information
Masthead (Pty) Ltd may send personal identifiable information about its users to other companies or third parties should there be a need to share the user’s information in order to provide the product or service the user has requested.
Furthermore, the only information Masthead (Pty) Ltd will ever disclose to third parties is aggregate information about its users. Aggregate information will not identify the website’s users and will only identify the user’s population in general terms.
Electronic Communications
The user consents to the website’s agreements, notices and disclosures by visiting the website and receiving electronic information or communication by electronic means and this indicates that any legal requirements has been satisfied.
Changing of Information
Masthead (Pty) Ltd reserves the right to change the Privacy Policy on an ad hoc basis at its sole discretion. Masthead (Pty) Ltd is not responsible for the content or privacy practices of non-Masthead websites to which it refers.
Contact information
Should you not be satisfied with the information or should any information be found to be untrue or incorrect, please notify Masthead (Pty) Ltd on the following email address: info@masthead.co.za
Masthead (Pty) Ltd and its agents or representatives shall not be liable for any damage, loss or liability arising from the use or inability to use this website or the services or content provided from and through this website.
Information, ideas and opinions expressed on this site should not be regarded as binding advice or the official opinion of Masthead (Pty) Ltd and users are encouraged to consult professional advice before taking any course of action related to information, ideas or opinions expressed on this site.
Masthead (Pty) Ltd has, and will continue to take reasonable care to ensure that all information, in so far as this is under its control, provided on this website is true and correct.
Masthead (Pty) Ltd shall not be responsible for, and therefore disclaims any liability for, any loss, liability, damage (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of or reliance upon any information, links or service provided through this website.
There is no warranty of any kind, expressed or implied, regarding the information or any aspect of this service. Any warranty implied by law is hereby excluded except to the extent such exclusion would be unlawful.
Links to other sites
Our website contains links to other sites. Please be aware that Masthead is not responsible for the privacy practices of such other sites. We encourage users to be aware when they leave our site and to read the privacy statements of each and every website that collects personally identifiable information. This privacy statement applies solely to information collected by this website.