Compliance

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05 Feb 2020
Ethics drive trust more than competence

Ethics is considered three times more important to company trust than competence, according to the 2020 Edelman Trust Barometer.  Launched…

Ethics drive trust more than competence

Ethics is considered three times more important to company trust than competence, according to the 2020 Edelman Trust Barometer.  Launched at the recent World Economic Forum in Davos, the annual survey, which tracks trust and credibility across 28 global markets is now in its 20th year. Respondents are asked to…

22 Jan 2020
Choosing the right governance, risk and compliance system for your business

Institutional checks and balances, civil society groups, and independent media saved South Africa from a $76bn nuclear power deal with…

Choosing the right governance, risk and compliance system for your business

Institutional checks and balances, civil society groups, and independent media saved South Africa from a $76bn nuclear power deal with Russia under the leadership of the then President Jacob Zuma, according tothe Carnegie Endowment for International Peace report.

22 Jan 2020
Intergovernmental Fintech working group publishes research on the Fintech startup sector

Today the Intergovernmental Fintech Working Group (IFWG) published its first Fintech Landscaping Report. Fintech is technology-enabled financial innovation which can…

Intergovernmental Fintech working group publishes research on the Fintech startup sector

Today the Intergovernmental Fintech Working Group (IFWG) published its first Fintech Landscaping Report. Fintech is technology-enabled financial innovation which can lead to new business models, applications, processes and products, and is transforming the financial services sector globally. Fintech has the potential to reduce costs and frictions, increase efficiency and competition,…

16 Jan 2020
Financial sector transformation progress below expectation

The financial sector still needs to improve its performance against its transformation targets as set in the Amended Financial Sector…

Financial sector transformation progress below expectation

The financial sector still needs to improve its performance against its transformation targets as set in the Amended Financial Sector Code (FS Code), the Financial Sector Transformation Council (FSTC) said in a statement today. The 2017/18 Financial Sector State of Transformation Annual Report shows that in general, Financial institutions in…

15 Jan 2020
Feeling the way through FICA

By James George, Compliance Manager at Compli-Serve SA. As things currently stand, providers of short-term insurance are not deemed accountable…

Feeling the way through FICA

By James George, Compliance Manager at Compli-Serve SA. As things currently stand, providers of short-term insurance are not deemed accountable institutions. Discussions are in progress within the corridors of the Financial Intelligence Centre (FIC) to determine whether they will be brought under the ambit. As the FIC is the body…

26 Nov 2019
What’s up with Suptech?

By Richard Rattue, MD, Compli-Serve SA. Shaking up data collection and analysis as we’ve not yet seen in financial services,…

What’s up with Suptech?

By Richard Rattue, MD, Compli-Serve SA. Shaking up data collection and analysis as we’ve not yet seen in financial services, ‘Suptech’ is not just another buzzword. This term refers to Supervisory Technology and more specifically, artificial intelligence that can seamlessly sort through data to spot any smoke before fires breakout. 

10 Oct 2019
Classification of SA hedge funds underway: ASISA

South African hedge fund managers have begun the process of categorising their hedge fund portfolios in line with the provisions…

Classification of SA hedge funds underway: ASISA

South African hedge fund managers have begun the process of categorising their hedge fund portfolios in line with the provisions of the new Hedge Fund Classification Standard, which was recently introduced by the Association for Savings and Investment South Africa (ASISA). The new ASISA Hedge Fund Classification Standard comes into…

02 Oct 2019
FSCA imposes R100m fine on MET Collective Investments

The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R100 million on MET Collective Investments (Pty) Ltd…

FSCA imposes R100m fine on MET Collective Investments

The Financial Sector Conduct Authority (FSCA) has imposed an administrative penalty of R100 million on MET Collective Investments (Pty) Ltd (METCI), for contravening various sections of financial sector laws, amongst others section 4 of the Collective Investments Schemes Control Act, 45 of 2002 (CISCA) and Board Notice 90 and 92.

03 Sep 2019
CPD – An opportunity for advisers to be on top of their game

Ever since Continuous Professional Development (CPD) became part of the Financial Sector Conduct Authority’s (FSCA) Fit and Proper Requirements (as…

CPD – An opportunity for advisers to be on top of their game

Ever since Continuous Professional Development (CPD) became part of the Financial Sector Conduct Authority’s (FSCA) Fit and Proper Requirements (as required in Board Notice 194 of 2017, with effect from 1 April 2018), CPD compliance has become an inescapable reality for all financial services providers (FSP), key individuals and representatives…

06 Aug 2019
Keep an open mind and an ear to the ground

The Fourth Industrial Revolution (4IR) continues to shape our conversations and considerations around how we might need to adapt, or…

Keep an open mind and an ear to the ground

The Fourth Industrial Revolution (4IR) continues to shape our conversations and considerations around how we might need to adapt, or what skills will be needed to sustain the workplace of the future. The 4IR brings with it fast-paced change and a digital shift unlike any other.

Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za