17 April 2019 Archives

Start planning for the next CPD cycle commencing 1 June 2019

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

The 2018/2019 CPD cycle is ending soon

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.

Renew PI Cover

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

FIC Directive 5/2019

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

Commencement of sections of the Financial Intelligence Centre Amendment Act, 2017

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

Financial Services Tribunal Rules

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

Targeted Financial Sanctions List

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

Why FSPs should comply with the FSCA’s CPD requirements

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

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

17 April 2019

Start planning for the next CPD cycle commencing 1 June 2019

The 2018/2019 CPD cycle is ending soon

Renew PI Cover

FIC Directive 5/2019

Commencement of sections of the Financial Intelligence Centre Amendment Act, 2017

Financial Services Tribunal Rules

Targeted Financial Sanctions List

Why FSPs should comply with the FSCA’s CPD requirements

EARN CPD HOURS

Mastering Compliance Newsletters

17 April 2019

Start planning for the next CPD cycle commencing 1 June 2019

The 2018/2019 CPD cycle is ending soon

Renew PI Cover

FIC Directive 5/2019

Commencement of sections of the Financial Intelligence Centre Amendment Act, 2017

Financial Services Tribunal Rules

Targeted Financial Sanctions List

Why FSPs should comply with the FSCA’s CPD requirements

EARN CPD HOURS

MASTHEAD IS

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info@masthead.co.za

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