23 June 2020 Archives

RDR Developments – Part 1: Advisor Categorisation

Posted on 23 Jun 2020

The first RDR consultation paper was released almost 6 years ago in October 2014 and contained 55 proposals affecting financial advice and the distribution of financial products. In December 2019, the FSCA published an update and it is clear from this paper that there has been a lot of progress made even though there are … Continued

Short-term Insurance Ombud stats

Posted on 23 Jun 2020

The 2019 Annual Report of the Ombudsman for Short-term Insurance (OSTI) released end May 2020 shows that the Ombud received 10 367 formal complaints for the 2019 period which was an increase from 9 779 complaints in the previous year, 2018. The OSTI closed 9 167 complaints in 2019 while 9 474 complaints were closed … Continued

Joint Communication 7 of 2020: Precautionary measures to limit the spread of COVID-19

Posted on 23 Jun 2020

The Financial Sector Conduct Authority, the Prudential Authority and the National Payment System Department of the South African Reserve Bank have recently published Joint Communication 7 of 2020 which sets out the minimum precautionary measures to be taken by financial institutions and payment institutions in light of the easing of lockdown levels amidst COVID-19. The Joint Communication … Continued

Updated PMB definition guideline for COVID-19

Posted on 23 Jun 2020

The Council for Medical Schemes (CMS) recently published PMB definition guideline: COVID-19 v3 which is an updated version of the Prescribed Minimum Benefits for COVID-19. This document may change as guidance changes and users should always check for updates on the National Institute for Communicable Diseases (NICD) and the National Department of Health (DOH) websites. The … Continued

Reminders – 23 June 2020

Posted on 23 Jun 2020

CPD deadline for the 2019/2020 CPD Cycle FSPs, Key Individuals and Representatives that did not meet the 31 May 2020 deadline, have until 31 August 2020 to obtain the required number of CPD hours that are relevant and appropriate for their role and the functions which they perform. Read more in FSCA FAIS Notice 22 … Continued

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Mastering Compliance Newsletters

23 June 2020

RDR Developments – Part 1: Advisor Categorisation

Short-term Insurance Ombud stats

Joint Communication 7 of 2020: Precautionary measures to limit the spread of COVID-19

Updated PMB definition guideline for COVID-19

Reminders – 23 June 2020

EARN CPD HOURS

Mastering Compliance Newsletters

23 June 2020

RDR Developments – Part 1: Advisor Categorisation

Short-term Insurance Ombud stats

Joint Communication 7 of 2020: Precautionary measures to limit the spread of COVID-19

Updated PMB definition guideline for COVID-19

Reminders – 23 June 2020

EARN CPD HOURS

MASTHEAD IS

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