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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The FSCA confirms that the recognition of the Financial Planning Institute (FPI) as an examination body will be withdrawn.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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Richard Rattue, Managing Director of Compli-Serve SA

How SA’s compliance industry has evolved in 15 years

As independent compliance services provider Compli-Serve celebrates its 15th year of operation, managing director and industry veteran Richard Rattue reflects on the most significant changes affecting the industry in this time. (more…)

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Naresh Tulsie

FAIS Ombud office welcomes Naresh Tulsie

The Office of the FAIS Ombud would like to welcome Mr Naresh Suresh Tulsie as the new Ombud for Financial Services Providers, it said in a statement today. Mr Tulsie assumed the role of Ombud effective 1 May 2018, taking over from the previous Ombud, Ms Noluntu Nelisa Bam, who had served as the FAIS […]

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FSCA

Naresh Tulsie appointed the new FAIS Ombudsman

Naresh Suresh Tulsie has been appointed as the new Ombud for Financial Advisory and Intermediary Services (FAIS) effective 1 May 2018, the FSCA said in a statement today. Mr Tulsie will be taking over from Ms Noluntu Bam, who has been with the FAIS Ombud since 2003 and assumed responsibility as Ombud since 2010. Ms […]

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FSCA

Novare CIS fined R30 000

The Registrar of Collective Investment Schemes as he was referred to in section 7 of the Collective Investment Schemes, 45 of 2002(CISCA) referred a case against Novare CIS (RF) (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board, the latter being the predecessor of the Financial Sector Conduct Authority (FSCA). In […]

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FSCA

Bye bye FSB, hello FSCA

By Shayne Krige, direct and head of invesemtns funds at Werksmans Attorneys.​ As of 1 April 2018, there is a new sheriff for the South African financial services sector. The Financial Services Board (FSB) has been replaced by the Financial Sector Conduct Authority (FSCA).  Here are five things you need to know about this development. The change from the […]

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