28 May 2019 Archives

Masthead can help you start planning for the next CPD cycle

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

Annual Financial Statements and Extensions

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

FSCA Bulletin Quarter 3 2018/19

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

Exemption from CPD Requirements

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

FSCA’s supervisory approach to compliance with the FIC Act post 2 April 2019

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

Commencement of FSRA Ombud provisions deferred

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

The duty of due skill, care and diligence

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

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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

28 May 2019

Masthead can help you start planning for the next CPD cycle

Annual Financial Statements and Extensions

FSCA Bulletin Quarter 3 2018/19

Exemption from CPD Requirements

FSCA’s supervisory approach to compliance with the FIC Act post 2 April 2019

Commencement of FSRA Ombud provisions deferred

The duty of due skill, care and diligence

EARN CPD HOURS

Mastering Compliance Newsletters

28 May 2019

Masthead can help you start planning for the next CPD cycle

Annual Financial Statements and Extensions

FSCA Bulletin Quarter 3 2018/19

Exemption from CPD Requirements

FSCA’s supervisory approach to compliance with the FIC Act post 2 April 2019

Commencement of FSRA Ombud provisions deferred

The duty of due skill, care and diligence

EARN CPD HOURS

MASTHEAD IS

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