Posted on 28 May 2019
The next CPD cycle will start 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 28 May 2019
All FSPs whose financial year end was 28 February 2019 must 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 do so. Where an FSP is not … Continued
Posted on 28 May 2019
The FSCA Bulletin released for Quarter 3 2018/19 contains various regulatory topics, warnings / enforcement actions, events, and consumer education pertaining to the financial industry. This issue of the Bulletin sets out the FSCA’s three year regulatory strategy and gives insight on the strategic priorities for the Authority going forward. The Prudential Authority also outlines … Continued
Posted on 28 May 2019
On 17 May 2019, the Financial Sector Conduct Authority (FSCA) published FAIS Notice 35 of 2019: Exemption from Continuous Professional Development Requirements which sets out an Exemption from Continuous Professional Development (CPD) requirements. The FSCA also published an Explanatory Note: Exemption from Continuous Professional Development Requirements together with the Exemption Notice which explains the background … Continued
Posted on 28 May 2019
Various amendments to the Financial Intelligence Centre Act, 2001 (as contained in the Financial Intelligence Centre Amendment Act 1 of 2017) were set to come into effect on three different dates. These dates were 13 June 2017, 2 October 2017, and “dates to be determined”. In April 2018 the Financial Sector Conduct Authority (FSCA) communicated … Continued
Posted on 28 May 2019
Government Notice 657 of 10 May 2019 published in a recent Government Gazette (No. 42454) amended dates in previous Government Notices published (General Notice 142 of 18 March 2019 and Government Notice 1019 of 28 September 2018). Government Notice 657 has the following effects: The commencement date of Chapter 14 (sections 175 to 217) of … Continued
Posted on 28 May 2019
A recent Ombud determination highlights the importance of adhering to the FAIS General Code of Conduct (GCoC) when rendering financial services and the duty to investigate a client’s needs when providing advice. In the case of Bongani Nxumalo v Central Financial Advisors (Pty) Ltd t/a Coler Financial Services Providers, the financial service provider (FSP) assisted … 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.