Posted on 17 Mar 2021
Replacement of financial products is a key part of professional and appropriate financial advice. As product providers develop new products and change existing products to meet the changing needs of clients, it may be necessary to cancel old products and replace them with new ones. Before doing so, consider the obligations placed on financial advisors … Continued
Posted on 17 Mar 2021
The Financial Sector Conduct Authority (FSCA) recently issued a notice informing the industry of a new FICA Directive to Provide Information (DPI) for 2021. The DPI must be completed by all Accountable Institutions and submitted online using the FSCA FAIS E-portal. Accountable Institutions are required to answer all questions on the DPI, which includes background … Continued
Posted on 17 Mar 2021
The Information Regulator, empowered to monitor and enforce compliance with the provisions of the Protection of Personal Information Act (POPIA), recently published the following: Commencement of Regulations The Regulations issued in terms of POPIA was published in December 2018 with the commencement dates to be determined by the Regulator at a later date. The Regulator … Continued
Posted on 17 Mar 2021
The Financial Sector Conduct Authority (FSCA) recently published three FSCA FAIS Notices relating to various exemptions: 1. FSCA FAIS Notice 15 of 2021 – Exemption of Juristic Representatives from section 13(1)(c) of the FAIS Act In terms of this Notice, a juristic representative is exempt from section 13(1)(c) of the FAIS Act when rendering a … Continued
Posted on 17 Mar 2021
The Financial Intelligence Centre (FIC) recently published Draft Public Compliance Communication 113 (draft PCC 113) which provides guidance on measures relating to Foreign Prominent Public Officials (FPPOs), Domestic Prominent Influential Persons (DPIPs), their family members and known close associates. The FIC has identified inconsistencies in Accountable Institutions’ understanding of when and how they determine if … Continued
Posted on 17 Mar 2021
Directive to Provide Information to the FIC issued by FSCA Accountable Institutions are reminded to complete and submit the Directive to Provide Information (DPI) by 31 March 2021. The DPI must be completed and submitted online using the FSCA FAIS e-portal. Liquidity Calculation Declaration Category II, IIA and III FSPs required to … 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.
Masthead is a level 1 B-BBEE contributor.
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.