South Africa has an unpleasant reputation of being a crime-ridden society. Despite this image, when it comes to corporate governance and securities regulations, the country does not have to take a back seat to anyone. The Johannesburg Stock Exchange (JSE) is home to over 400 companies which produce financial statements every six months for [...]
Tag Archives | compliance
PWC launches Financial Services Journal
At the start of 2011, the dynamics and competiveness of the South African financial services sector are set to increase in complexity with concerns about European debt, uncertainty about the future of the value of the Rand and with new developments in regulation and International Financial Reporting Standards (IFRS). In response to these and other [...]
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Promoting Financial Advisers
Be sure to watch CNBC Africa on Thursday nights at 21H30 in the month of November. November is the FPI’s Financial Planning Month, a consumer awareness campaign aimed at educating consumers about dealing with a professional financial planner. During the month a four-part television series “Secure your Financial Future” on CNBC Africa will focus on [...]
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FAIS for Leaders
Introduction The Financial Services Board of South Africa has published legislation that requires financial advisors and intermediaries to write a compulsory regulatory examination on the Financial Advisory and Intermediary Services Act and the Financial Intelligence Centre Act. Licensed financial services providers have to prepare their key individuals and representatives for the Regulatory level 1 (RE [...]
Richard’s Top Compliance Tips for 2010
The end of 2009 is nearly upon us and we normally take time to reflect on the year that has passed and look to the coming year, and certainly at this moment in time we will all fervently hope that 2010 holds better times for our industry than the last 12 months. It is akin [...]
Taming the compliance monster
“I could get so much more done in my practice if it was not for those annoying …… (fill in the blank)” How many times have financial advisers found themselves uttering this sentence? How many times has the blank above, contained the words “compliance forms” or “compliance reports”? Welcome to the new world of insurance, [...]
Regulatory Exams: Flavour of the Month
Regulatory exams are the latest buzz in the financial services industry. But what’s it all about and just who is affected by this piece of legislation asks Joe Kotze, National Manager: Compliance for the Financial Intermediaries Association of Southern Africa (FIA)… Examination bodies: The Financial Services Board (FSB) has approved and appointed four examination bodies [...]
Regulatory Exams – Testing Times Ahead
Whilst many advisors breathed a large sigh of relief as they managed to accrue the necessary credits at the end of last year and wondered if there would be any further tests of knowledge forthcoming from the Financial Services Board. For some time there were rumours and whispers that a further set of examinations would [...]
Ensuring Compliance Independence
It is a fundamental principle of compliance practice that the compliance function should be sufficiently independent of the business activities to be able to discharge its responsibilities objectively. This includes being able to operate and communicate in an unhindered manner, says Julie Methven CEO of The Compliance Institute of South Africa. Segregating duties is one [...]
Tax Guide 2012
Latest Issue - 30 April 2012
In This Issue:
- Local and offshore ETFs
- Why stock selection is key
- Medical Survey - the cost of healthcare
- New player in life insurance market
Newsletters
Newsletter 17 May 2012: Lump sum versus debit order, 3 essentials for a confident investor
In today’s newsletter we look at investing with a lump sum or regular contributions – how do they stack up against each other? We also share three investment tips to cope with uncertainty. Being right about muddle-through hasn’t made investing any easier Most predicted that politically and often economically the year 2012 would be a [...]
