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Headline Stories of the Week

Debt relief Bill with senior counsel

15 Jun 2018 Financial Service Intelligence Watch

The opinion of senior counsel has been sought on the constitutionality of ‘certain sections’ of the National Credit Amendment Bill, a sixth working draft of which is now before the National Assembly Committee on Trade and Industry. According to a ...

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FSCA's RDR status update - phased manner of ...

15 Jun 2018 Financial Service Intelligence Watch

The Financial Sector Conduct Authority (FSCA) has released a much anticipated update on the current status of the Retail Distribution Review (RDR). The following RDR developments are planned for the remainder of this year. Before end June 2018: · Publication ...

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What we can expect from the new FICA ...

15 Jun 2018 Financial Service Intelligence Watch

CompliNEWS As we have reported previously, moves are afoot to develop a new AML/CFT annual compliance report which will be designed to ensure that the FSCA will ask the right questions to maximise the report’s value. The FICA compliance report ...

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First decision handed down by the FSCA Financial ...

14 Jun 2018 Financial Service Intelligence Watch

This is a decision handed down by the Financial Services Tribunal on 28 May 2018. Bridget Morony Neluhenis Insurance Brokers, Mudzili Daniel Neluhenis and Financial Sector Conduct Authority: Financial Services Tribunal: Case number A4/2017 Summary: Appeal against withdrawal of the ...

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Latest Compliance News

KPMG fined again for questionable report; this time in the UK

The Financial Reporting Council, the accounting watchdog in the UK, has fined KPMG 3.2 million pounds (R56 million) on Monday for failings in its audit of Quindell Plc, after the legal services firm twice restated its accounts leading to heavy losses, notes Reuters.

KPMG apologized in a statement on ...

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JSE adopts stringent reporting format

Minister of Trade and Industry, Rob Davies together with the Companies and Intellectual Property Commission (CIPC) launched the eXtensible Business Reporting Language (XBRL) system at the Johannesburg Stock Exchange (JSE) in Sandton yesterday.

According to a Business Day report all qualifying entities who are required to submit annual financial results ...

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Latest Open-Source Library Items
Working Smart

Written by Lee Rossini

In the mind of many financial planners continuously changing regulation is a necessary burden that comes with the territory.  They would have returned to work in 2018 to discover that a raft of regulatory changes had taken place at the end of 2017. 

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