25 June 2019 Archives

Reminders – 25 June 2019

Posted on 25 Jun 2019

Annual Financial Statements A final reminder to all FSPs whose financial year end was 28 February 2019 to ensure that their annual financial statements are submitted to the FSCA by 30 June 2019. FSPs which are required to submit Annexure A (FAIS Notice 82 of 2015) together with their Annual Financial Statements, are reminded to … Continued

Format for a replacement advice record (individual risk policies) and related documents

Posted on 25 Jun 2019

FSCA Communication 5 of 2019 (Insurance), recently published by the FSCA together with other related documents, contains the format for the replacement advice record (RPAR) in terms of Rule 19 of the Long-term Insurance Policyholder Protection Rules (PPRs) with an effective date of 1 September 2019. The Communication provides a brief background on Rule 19 … Continued

Guidance Notice on Debarment Process

Posted on 25 Jun 2019

The FSCA recently published Guidance Notice 1 of 2019: Debarment Process which provides general guidance on the application of section 14, the debarment process, of the Financial Advisory and Intermediary Services (FAIS) Act, 2002. The notice provides guidance on the rationale to be applied and process to be followed by Financial Services Providers (FSPs) when … Continued

Scripted Execution of Sales

Posted on 25 Jun 2019

The FSCA recently published FSCA Communication 1 of 2019: Scripted Execution of Sales. The Communication applies to all Category I Financial Services Providers (FSPs) and is aimed at providing guidance on the process to follow when amending the profiles of representatives to include scripted execution of sales. An FSP that meets the requirements applicable to … Continued

The importance of the Due Diligence process

Posted on 25 Jun 2019

According to the principles of Treating Customers Fairly (Outcome 2), products and services in the retail market, which are sold and marketed, must be designed according to the needs of the customers identified and targeted accordingly. When designing or creating a product, the outcome for the end user must always be considered. While this is … Continued

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Mastering Compliance Newsletters

25 June 2019

Reminders – 25 June 2019

Format for a replacement advice record (individual risk policies) and related documents

Guidance Notice on Debarment Process

Scripted Execution of Sales

The importance of the Due Diligence process

EARN CPD HOURS

Mastering Compliance Newsletters

25 June 2019

Reminders – 25 June 2019

Format for a replacement advice record (individual risk policies) and related documents

Guidance Notice on Debarment Process

Scripted Execution of Sales

The importance of the Due Diligence process

EARN CPD HOURS

MASTHEAD IS

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