B2B Central

Compliance

22 Jan 2020

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

By Janice Roberts

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

By Janice Roberts

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, narrow information asymmetry, as well...
16 Jan 2020

Financial sector transformation progress below expectation

By Janice Roberts

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 the sector did not meet...
15 Jan 2020

Feeling the way through FICA

By Janice Roberts

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 responsible for identifying the proceeds...
26 Nov 2019

What’s up with Suptech?

By Janice Roberts

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

By Janice Roberts

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 effect on 1 January 2020.
02 Oct 2019

FSCA imposes R100m fine on MET Collective Investments

By Janice Roberts

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

By Janice Roberts

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 such as brokers and financial...
06 Aug 2019

Keep an open mind and an ear to the ground

By Janice Roberts

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.
13 Jun 2019

Compli-Serve SA partners with Altron Bytes Systems Integration to enhance digital safety controls

By Janice Roberts

Compli-Serve SA has teamed up with technology specialist Altron Bytes Systems Integration (Altron BSI) to ease compliance risks for clients in response to requirements set by the Financial Intelligence Centre Amendment Act.
13 Jun 2019

What is pharmaceutical inspection?

By Staff Writer

Inspection is part of the overall drug quality assurance system. The objective of inspecting pharmaceutical manufacturing facilities is either to enforce Good Manufacturing Practice (GMP) compliance or to provide authorisation for the manufacture of specific pharmaceutical products, usually in relation to an application for marketing authorisation. A further aspect of pharmaceutical inspection is monitoring the...
07 Jun 2019

Guidance note on requirements for Continuous Professional Development (CPD)

By Janice Roberts

The Financial Sector Conduct Authority (FSCA) has released a guidance note on the compliance with the continuous professional development (“CPD”) requirements for Financial Services Providers (FSPs), key individuals (KIs) and representatives. This note gives more clarity on the CPD requirements following the exemption granted by the FSCA on 1 June 2019, exempting FSPs, KIs and...