Newsletters 2021 Archives

Is a Financial Needs Analysis always necessary, including for a specific need?

Posted on 6 Jul 2021

Should you insist that a full financial needs analysis (FNA) be done when clients approach you for advice on a solution to address a specific need? To answer this question, one must consider Section 8(1)(a) of the General Code of Conduct (GCOC) which states that financial advisors are obliged to obtain information from the client, … Continued

Updated Financial Services Tribunal Rules

Posted on 6 Jul 2021

The Financial Sector Conduct Authority (FSCA) recently published the latest version of the Financial Services Tribunal (the Tribunal) Rules, which came into effect on 1 June 2021. The rules that were specifically amended or added are Rules 71, 72 and 78 to 82. The Forms have also been updated. To assist you in understanding these … Continued

Position Paper on Crypto Assets

Posted on 6 Jul 2021

The Intergovernmental Fintech Working Group (IFWG), through the Crypto Asset Regulatory Working Group (CAR WG), published the latest version of the Position Paper on Crypto Assets in June 2021. The paper confirms that crypto assets will be brought into the South African Regulatory purview in a phased and structured manner. The initial South African public statement … Continued

POPIA: Updates from the Information Regulator | Commencement, Registration Portal, and PAIA functions

Posted on 6 Jul 2021

Commencement dates The one-year grace period that was afforded to responsible parties to be compliant with the Protection of Personal Information Act (POPIA) came to an end on 30 June 2021. Responsible parties are now expected to be compliant with the provisions of POPIA as of 1 July 2021. However, the Information Regulator announced that … Continued

POPIA: Guidance Notes published by the Information Regulator

Posted on 6 Jul 2021

The Information Regulator recently published three guidance notes on: Exemptions from the conditions for lawful processing of personal information Processing of personal information of children Processing of special personal information Guidance Note on Exemptions from the Conditions for Lawful Processing of Personal Information The Protection of Personal Information Act (POPIA) prescribes eight conditions for the … Continued

Reminders – 06 July 2021

Posted on 6 Jul 2021

POPI – registration of Information Officers All Information Officers and Deputy Information Officers were to be registered with the Information Regulator by 30 June 2021 however due to technical glitches with the online registration portal, the Information Regulator has confirmed that responsible parties will not be held liable for not meeting this deadline. There is … 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

Newsletters 2021

Is a Financial Needs Analysis always necessary, including for a specific need?

Updated Financial Services Tribunal Rules

Position Paper on Crypto Assets

POPIA: Updates from the Information Regulator | Commencement, Registration Portal, and PAIA functions

POPIA: Guidance Notes published by the Information Regulator

Reminders – 06 July 2021

EARN CPD HOURS

Mastering Compliance Newsletters

Newsletters 2021

Is a Financial Needs Analysis always necessary, including for a specific need?

Updated Financial Services Tribunal Rules

Position Paper on Crypto Assets

POPIA: Updates from the Information Regulator | Commencement, Registration Portal, and PAIA functions

POPIA: Guidance Notes published by the Information Regulator

Reminders – 06 July 2021

EARN CPD HOURS

MASTHEAD IS

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info@masthead.co.za

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