Posted on 10 Nov 2020
As online communication with clients replaces face-to-face meetings, the risk of fraud, cyber threats and non-compliance with regulation increases. It is important to decide how you will communicate with your clients, taking into consideration their preferences, ability, technology capability and access to a stable internet connection. Alternative options to face-to-face meetings include email, telephone or … Continued
Posted on 10 Nov 2020
Due to the impact of COVID-19 on the financial services industry and the challenges that FSPs, key individuals and representatives might have faced in complying with various regulatory requirements, the Financial Sector Conduct Authority (FSCA) took a decision during April 2020 to grant exemptions and/or extensions regarding the submission of statutory returns and certain fit … Continued
Posted on 10 Nov 2020
The FSCA recently published two exemption notices FSCA INS Notice 19 of 2020 and FSCA INS Notice 20 of 2020 that affect premium collections by independent intermediaries. The two notices prescribe the extent and conditions of exemptions from certain sections of the Long-term and Short-term Insurance Acts and their respective Regulations. A Consolidated Report of … Continued
Posted on 10 Nov 2020
In its quarterly newsletter, the Ombudsman for Short-term Insurance (OSTI) provided an update on news and events from the office of the Ombud, a few case studies and consumer tips. Number of Complaints In the Ombudsman’s Briefcase: Issue 3 of 2020, the Ombud revealed that it saw a decline in the number of complaints lodged with … Continued
Posted on 10 Nov 2020
The Financial Sector Conduct Authority (FSCA) recently published a press release announcing that two divisional executives are set to retire from the offices of the FSCA. Jurgen Boyd, the Divisional Executive for Market Integrity Supervision, and Marius du Toit, the Divisional Executive for Specialist Support are set to retire after many years of service at … Continued
Posted on 10 Nov 2020
The Financial Sector Conduct Authority (FSCA) has recently published a series of administrative sanctions imposed on FSPs, that are accountable institutions, that were found to be non-compliant with the Financial Intelligence Centre Act (FICA). The administrative sanctions are a result of specific areas of non-compliance that the FSCA had identified during inspections that it had … Continued
Posted on 10 Nov 2020
Regulatory Exams, Class of Business and Qualification deadlines A reminder that supervised representatives who had a deadline that fell between 27 March 2020 and 30 November 2020 to comply with the Regulatory Exams, Class of Business Training and/or Qualification requirements have until 15 December 2020 to comply with the relevant requirement. CPD FSPs, KIs … 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.