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The CBR saga revs up

29 June 2022

The latest Financial Sector Conduct Authority (FSCA) communication to land in this writer’s inbox detailed the pending roll-out and implementation of something referred to as the cross-sectoral Conduct of Business Return (CBR), something the authority has reinvented as the Omni-CBR. We must confess, dear reader, to having taken our eye off the regulatory ‘ball’ of late; but the four-page FSCA Communication 16 of 2022 put us back on track. This letter informs all and sundry that the authority “has published a roadmap for the roll-out and implementation of the Omni-CBR, as well as the draft Omni-CBR template for public consultation”.

On double counting and dated statistics

03 May 2022

There is something galling about dated statistics, especially when these statistics are held up as reflecting the present day state of a particular section of the South African financial services sector. Case in point, much of the retirement fund information used to underpin the Financial Sector Conduct Authority (FSCA) Financial Sector Outlook Study 2022 is only up to date to December 2019. And we are fairly certain that much of this information was presented during the last retirement fund media update we attended more than 10 months ago.

Publication of the FSCA Financial Sector Outlook Study

06 April 2022

The FSCA today published the Financial Sector Outlook Study, which reviews the South African financial landscape and describes the financial industries regulated by the Authority.

FSCA releases latest 3-year Regulatory Strategy document

14 December 2021

The Financial Sector Conduct Authority (FSCA) has released its Regulatory Strategy document which outlines its key priorities for the next three years, as is required by the Financial Sector Regulation Act (FSRA). The inaugural FSCA Regulatory Strategy was published in October 2018, covering the three-year period ending in September 2021. The FSCA’s revised strategy is applicable from 14 December 2021 to 31 March 2025.

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Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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