Posted on 15 Apr 2021
Continuous professional development (CPD) keeps professionals at the cutting edge of development in their industry. The financial advice industry is no exception: Board Notice 194 of 2017 makes CPD a fit and proper requirement for key individuals, sole proprietors and representatives. CPD is the process of lifelong learning by which you engage in activities that … Continued
Posted on 15 Apr 2021
The Council for Medical Schemes recently published Circular 18 of 2021 which contains the details on the adjustment of fees payable to brokers. The Minister of Health has approved an increase on the maximum fee that is payable by medical schemes to brokers with effect from 1 January 2021. Regulation 28(2) published in terms of … Continued
Posted on 15 Apr 2021
In July 2020, the Information Regulator published draft guidelines on the registration of Information Officers. The consultation period has since been completed and the Information Regulator recently published the final version of the guidance note relating to the registration of Information Officers and Deputy Information Officers. The Information Regulator is developing an online portal for … Continued
Posted on 15 Apr 2021
The Financial Intelligence Centre (FIC) Act imposes obligations on accountable and reporting institutions and other persons to report certain transactions to the FIC. The FIC obtains financial intelligence and other data from these reports which are filed in accordance with various sections of the FIC Act. Public Compliance Communication (PCC) 50 provides guidance to reporters … Continued
Posted on 15 Apr 2021
The Financial Intelligence Centre (FIC) recently issued Public Compliance Communication (PCC) 49 which provides guidance and clarity on certain money laundering (ML), terrorist financing (TF) and proliferation financing (PF) considerations and provides suggested resources that may be consulted in determining ML/TF/PF risks related to geographic areas. An accountable institution relies on different ML/TF/PF indicators to … Continued
Posted on 15 Apr 2021
In July 2020, the Financial Intelligence Centre (FIC) published draft Public Compliance Communication (PCC) 12A for public comment. The draft PCC provided guidance and clarity on what compliance activities can be outsourced by an accountable institution to third parties. The consultation period has since closed, and the FIC has recently published the final version of … Continued
Posted on 15 Apr 2021
Complete your CPD targets before the deadline – 31 May 2021 FSPs, KIs and Reps are reminded that the deadline to meet the minimum number of required CPD hours is 31 May 2021. For the 2020/2021 CPD cycle, an FSP, KI or a Rep that is authorised, approved or appointed to render or manage or … 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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