29 September 2021 Archives

Grow your FSP with representatives

Posted on 29 Sep 2021

Are you pondering how to grow your revenue after the massive financial impact of the current worldwide pandemic? Whether you operate as a typical sole proprietor or an FSP with representatives, your business could benefit significantly with the targeted help of representatives. Consider the value that representatives could or do add to your business, and … Continued

The Ombudsman’s Briefcase Issue 2 of 2021

Posted on 29 Sep 2021

The Ombudsman for Short-term Insurance (OSTI) has published the second edition of its newsletter for 2021: The Ombudsman’s briefcase Issue 2 of 2021. This issue contains news and events, case studies, consumer tips, as well as some statistics and trends from 2020. Some of the OSTI’s statistics for 2020 reveal the following: Motor Vehicle Insurance … Continued

Financial Services Tribunal sets aside a FAIS Ombud decision for a failure to act in a fair and expeditious manner

Posted on 29 Sep 2021

One of the important elements of the Office of the FAIS Ombud’s (the Ombud) mission is to ensure the fair and expeditious resolution of complaints. However, in a recent determination, Fredrick Hendrik Kotze v Ombud and Another (FAB38/2021)[2021], the Financial Services Tribunal (the tribunal) set aside the Ombud’s determination to hold the financial advisor liable … Continued

Draft regulations designating provision of benchmarks as a financial service

Posted on 29 Sep 2021

The Minister of Finance has published draft regulations which propose to designate the “provision of a benchmark” as a financial service in accordance with the Financial Sector Regulation Act (FSR Act) and to specify that the Financial Sector Conduct Authority (FSCA) is the responsible authority for the regulation, supervision and oversight of the financial service. … Continued

FIC Annual Report 2020/21

Posted on 29 Sep 2021

The Financial Intelligence Centre (FIC) released its 2020/21 Annual Report which contains an overview of the work that the FIC has been involved in during the reporting period. The report highlights new and adapted approaches that the FIC took in finding ways to continue fulfilling its obligations amidst the pandemic, how it accepted additional oversight … Continued

Reminders – 29 September 2021

Posted on 29 Sep 2021

Liquidity Calculation FSPs (CAT II, IIA, and III) who are required to maintain liquid assets and whose financial year end was 28 February 2021, are required to submit Form A: Liquidity Calculation (Annexure six of BN 194 of 2017) to the FSCA by 15 October 2021. Deadline for payment of Levies FSPs are … 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

29 September 2021

Grow your FSP with representatives

The Ombudsman’s Briefcase Issue 2 of 2021

Financial Services Tribunal sets aside a FAIS Ombud decision for a failure to act in a fair and expeditious manner

Draft regulations designating provision of benchmarks as a financial service

FIC Annual Report 2020/21

Reminders – 29 September 2021

EARN CPD HOURS

Mastering Compliance Newsletters

29 September 2021

Grow your FSP with representatives

The Ombudsman’s Briefcase Issue 2 of 2021

Financial Services Tribunal sets aside a FAIS Ombud decision for a failure to act in a fair and expeditious manner

Draft regulations designating provision of benchmarks as a financial service

FIC Annual Report 2020/21

Reminders – 29 September 2021

EARN CPD HOURS

MASTHEAD IS

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info@masthead.co.za

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