Regulatory Update – Know the Impact

Seminar Information

Every day advisors need to make sure that they stay in business – this means ensuring that they are aware of the changing regulatory developments, that they meet updated and new requirements and that they minimise the risk of having complaints upheld against them.

There is a significant amount of regulation that has either changed or been newly introduced over the last 12 months and there is still a great deal more in the pipeline.

This seminar will highlight some of the main regulatory changes we can expect and how this impacts financial services providers and the financial services industry as a whole.

During this seminar, we will unpack and explain the following:

  • How the Financial Sector Regulation Act has changed our regulatory environment.
  • The Conduct of Financial Institutions (COFI) Bill.
  • Key aspects of the new Fit and Proper Requirements contained in Board Notice 194 of 2017.
  • Recap the requirements in relation to Class of Business Training, Product Specific Training and CPD.

RDR – we’ll look at:

  • What’s already in place,
  • What must still be implemented,
  • Fees and commission – Investments, LT insurance commission, ST insurance,
  • Equivalence of Reward,
  • Dealing with replacement of life policies,
  • Charging clients ST fees,
  • The latest outsourcing and binder rules.

CPD hours:

  • FSPs, Key Individuals and Representatives who attend this seminar will earn 3 CPD hours towards maintaining their competence requirements.
  • FPI members will be able to earn 3 CPD hours in the Ethics and Practice Standards category.

Cost for members: Free
Cost for non-members: R 850,00 (incl VAT)


How will attendees benefit

By attending this seminar, you will:

  • Gain an understanding of the key regulatory changes that affect your ability to run a successful financial advisory business.
  • Understand the structural changes that the Financial Sector Regulation Bill (FSRB), also known as ‘Twin Peaks’, will bring and how this will affect you and your clients.
  • Know how each RDR Phase will be dealt with and implemented in this new regulatory framework.
  • Be able to consider how you can prepare for these changes.

What attendees had to say about this seminar

“The Regulatory Update seminar is informative and well structured. It added value to me and highlighted some of the shortfalls in my practice. As a result, I have booked and will be attending more Masthead seminars.”

Inbin Moodley | Blue Chip Financial Service CC

Accredited by the Financial Planning Institute of Southern Africa (FPI)

MASTHEAD IS

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.

Why Masthead?

CONTACT US

Phone:

+27 21 686 3588

E-mail:

 info@masthead.co.za

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