Posted on 17 Apr 2019
The next CPD cycle will commence on 1 June 2019 until 31 May 2020. FSPs, KIs, and Reps are advised to put a CPD Plan together in order to manage and plan ahead to ensure that the type and combination of CPD activities undertaken are relevant, contribute to the knowledge, skills and ethical standards of … Continued
Posted on 17 Apr 2019
FSPs, KIs and Reps are reminded that the deadline to comply with the required number of CPD hours is 31 May 2019. Masthead offers various CPD accredited seminars and online learning activities on the Masthead Learning Centre.
Posted on 17 Apr 2019
FSPs are reminded to check the status of their Professional Indemnity (PI) Cover and to renew same if required. Failure to renew PI Cover on time will result in a gap in cover. Such a gap can cause the FSP to face the risk that any losses which occur during this gap period (prior to … Continued
Posted on 17 Apr 2019
The usage of an Automated Transaction Monitoring System for the detection and submission of regulatory reports to the Financial Intelligence Centre in terms of Section 29 of the Financial Intelligence Centre Act, 2001 (Act no. 38 of 2001) The Financial Intelligence Centre recently published Directive 5 of 2019. This Directive is applicable to all Accountable … Continued
Posted on 17 Apr 2019
The National Treasury recently published a list of sections from the Financial Intelligence Centre Amendment Act that commenced on 1 April 2019. The sections relate to the identification of persons and entities by the United Nations Security Council and the imposition of financial sanctions. In particular, the sections which came into effect are: Section 2(a) … Continued
Posted on 17 Apr 2019
The Financial Services Tribunal, previously the FSB Appeal Board, published a new set of rules on 29 March 2019. The Financial Services Tribunal Rules (Rules) sets out the rules and procedures to be followed in an application for reconsideration of a “decision” by the “decision-maker” which has been defined in section 218 of the Financial … Continued
Posted on 17 Apr 2019
The Financial Intelligence Centre recently released a Notice on Targeted Financial Sanctions (TFS) List in accordance with Section 26A of the Financial Intelligence Centre Act, 2001. The FIC Act[1] prohibits any dealings with a person or an entity that has been identified pursuant to a resolution of the Security Council of the United Nations. The … Continued
Posted on 17 Apr 2019
The new Fit & Proper requirements came into effect on 1 April 2018. FSPs, Key Individuals and Representatives must take note of these new requirements, especially Continuous Professional Development (CPD) as the first annual regulatory CPD cycle comes to an end on 31 May 2019. CPD is applicable to almost all[1] Representatives of FSPs, and … 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.
Masthead is a level 2 B-BBEE contributor.
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.