New FSP licensing requirements envisaged? An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that licensing ...
Read More » | | | FAIS: Date of First Appointment and the Regulatory Exams Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows:
Sole proprietors, key individuals and representatives authorized, ...
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Law Society concerned at Parliamentarians’ inappropriate questioning of Public Protector The Law Society of South Africa (LSSA) expresses its concern at the recent tone of the questioning of the Office of the Public Protector by members of the Portfolio Committee on Justice and Constitutional Development ...
Read More » | | | FSB reacts to Arthur Brown sentence The Financial Services Board (FSB) is disappointed with the sentence handed down to Mr J Arthur Brown by the Western Cape High Court today. 00 or 36 months in prison does not acknowledge the extent of the damage ...
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How South Africa is “delivering on Africa’s Promise” in the financial services sector The 23rd World Economic Forum (WEF) on Africa, currently underway in Cape Town, calls for Africa to live up to its true potential. Under the theme “Delivering on Africa’s Promise” the gathering ...
Read More » | | | Stokvels and Burial Societies Exempt from Licensing Board Notice 43 of 2013 exempts Stokvels and Burial Societies from being licensed. This obviously means that they no longer fall under the jurisdiction of the FSB. It is very specific about who is affected, and ...
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FSB Information Letter 3 on Binder Regulations The purpose of the document is to provide guidance on:
Activities that constitute binder functions
Remuneration payable by the insurer to the binder holder and
The Registrar’s interpretation ...
Read More » | | | FAIS Representatives under Supervision In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. How can ...
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Hannover Re makes a good start to the 2013 financial year Hannover: Hannover Re posted Group net income of EUR 221. 4 million for the first quarter of 2013. 'This result is a first successful step towards accomplishment of our full-year goal, namely Group net income ...
Read More » | | | Cyber security: it’s a war zone Cyber security has moved beyond the IT department to impact governments, enterprises and individuals on a massive scale. Cyber security today is a war zone.
This emerged at the opening of the 8th annual ...
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Congratulations to Risk Doctor and Partners who celebrate their tenth anniversary this year!
Dr David Hillson FIRM, HonFAPM, PMI Fellow
Since July 2003 the Risk Doctor brand has built a strong global reputation for excellence ...
Read More » | | | African Development Bank Group approves a new Ten-Year Strategy “This document reflects Africa’s vision for itself – a vision of transformation that is achievable”, said Donald Kaberuka
TUNIS, Tunisia, April 30, 2013/ -- The economic transformation ...
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Solvency Assessment and Management (SAM) initiative - a little more time By Gareth van Deventer
Background
Members of the Financial Services Board’s (FSB) SAM Steering Committee were invited to attend a spontaneous unscheduled SAM Steering Committee meeting which took place ...
Read More » | | | Liberty introduces first-to-market rapid testing for cholesterol screening Liberty was the first insurer in South Africa to use rapid testing to screen insurance applications for HIV and cotinine. Recently, Liberty introduced a rapid testing for cholesterol as well. Coupled with the finger ...
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New Chief Financial Officer appointed at Metropolitan Retail Metropolitan has appointed Shaun Lawton as Chief Financial Officer for Metropolitan Retail with immediate effect. Shaun replaces Mike McDougall, who left Metropolitan at the end of November 2012 to take ...
Read More » | | | Swiss Re delivers first-quarter Group net income of USD 1.4 billion Zurich – Swiss Re reports a very strong Group net income of USD 1. 4 billion for the first quarter of 2013, 21% higher than the USD 1. Very strong underwriting performances across Swiss Re's Property ...
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