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Protection of Personal Information Act – Regulations published

By Patrick Bracher, Norton Rose Fulbright. The Regulations to the Protection of Personal Information Act have been published by the Information Regulator. They will commence on a date to be determined. The regulations are fairly short, but contain a raft of forms relating to the processing of information, for example: a form for objecting to […]

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Conduct of Financial Institutions Bill published for comment

In case you are wondering what your holiday reading is, the draft Conduct of Financial Institutions Bill has been published by the National Treasury for comment. Comments will be accepted until 1 April 2019. The suite of documents includes the Bill itself (188 pages), the COFI Bill Policy Paper (90 pages), and the Socio-Economic Assessment setting […]

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Short-term Bank Deposit Complaints – the FAIS Ombud can help!

As a result of the introduction of the Financial Sector Regulation Act on April 1 of this year, the FSCA is now more than ever dedicated to regulating market conduct across all financial institutions in South Africa, the FAIS Ombud says in a statement published today. (more…)

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Richard

Financial services the least trusted sector globally, says report

The financial services industry was once again the least trusted sector in the annual global Edelman Trust Barometer, which has been measuring trust in business, NGOs, government and the media for the last 18 years. (more…)

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Richard Firth

Should CPA firms add consulting services to their stable?

The number of audit firms that are offering consulting and software development services to boost their revenues has been on the rise. Increasingly, these businesses are seizing opportunities to deliver consulting services across the board, including financial planning, tax, due diligence, HR, Information Technology, and suchlike. (more…)

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FSCA

Withdrawal of the Financial Planning Institute (FPI) as a recognised examination body

The FSCA confirms that the recognition of the Financial Planning Institute (FPI) as an examination body will be withdrawn. The process of transferring all examination data, records and archives over from the FPI to the FSCA will be completed by November 2018. The FPI will continue to provide the following support function until all examination […]

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FSCA

FSCA halts Regulatory Examinations administered by the FPI

The Financial Services Conduct Authority (FSCA) has instructed the Financial Planning Institute (FPI) to discontinue the delivery of the Regulatory Examination (RE) with immediate effect, it said in a statement today. This comes after the FSCA was alerted by a third party to alleged irregularities in the delivery of the exam. All current and future […]

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The EU’s data protection regulations and South African business

By Kerri Crawford (SA) and Adriaan Louw of Norton Rose Fulbright. Today, the EU’s new General Data Protection Regulation (GDPR) came into force. While the regulations are aimed at protecting EU citizens and residents, its reach will be global and will impact on certain businesses operating in South Africa. The GDPR replaces the Data Protection Directive and […]

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