Latest statistics from the Financial Services Board (FSB) reveal that a shocking 51,34% of key individuals and 61,53% of representatives are yet to pass the Regulatory Exams. With just 10 weeks to go until the 30th June 2012 deadline, and confirmation from the FSB that there will be no further extension to the deadline, the [...]
Tag Archives | regulatory exams
Regulatory exams – the realities
By Joe Kotzé, National Manager: Compliance at the Financial Intermediaries Association of Southern Africa (FIA) The financial services industry has always been a vibrant and dynamic environment where resilience amongst its members is often tested to the limit. The Financial Services Board’s (FSB) Regulatory Exams were approached with a large degree of fear and [...]
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New deadlines for Regulatory Exams
We were starting to receive some very positive RE reports- more people were writing the exams and there were a lot who had focused on the exams, studied, attended the various courses and indications were that the exams were definitely being taken seriously by the majority of advisers. There were still some questions regarding language [...]
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Advisers can take exams in Afrikaans
South African financial advisers are now able to write the Level 1 Regulatory Examination, which is compulsory for all financial services providers, in Afrikaans following legal opinion canvassed by the Financial Intermediaries Association of Southern Africa (FIA). According to Seamus Casserly, President of the FIA, the decision to offer the exam in [...]
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Consolidation on the cards
The combination of increased time, cost and regulatory pressures, skills shortages and the introduction of regulatory examinations that financial intermediaries will be required to write from this year are expected to result in a rise in industry consolidation, particularly amongst short term insurance brokerages. That is the view of Clint Harker, Managing [...]
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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 [...]
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 [...]
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 [...]
