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New Effective Annual Cost Standard from ASISA

14 September 2016 | General

With only a month to go before they have to disclose an Effective Annual Cost (EAC) on quotes for savings and investment products, product providers are no doubt scrambling to get their calculations done and their point of sale documentation updated. The deadline is the 1st of October to comply.

Long-awaited appointment of Information Regulator brings SA businesses, individuals out of the data protection wilderness

12 September 2016 | General

The long-awaited appointment of an Information Regulator, has taken a huge leap forward with National Assembly voting in favour of Advocate Pansy Tlakula being appointed as the National Information Regulator - making SA globally competitive in terms of international data exchange laws.

KPMG: POPI Information Regulator nominated by Parliament

08 September 2016 | General

The National Assembly has on 7 September 2016 voted in favour of the nomination of Advocate Pansy Tlakula as the Chairperson of the Information Regulator and Advocate Lebogang Stroom and Johannes Weapond, as full time members of the Information Regulator, with Professor Tana Pistorius and Sizwe Snail as part-time members. The appointment of Advocate Tlakula and the members of the Information Regulator is subject to the confirmation by the President of South Africa.

FSB warns against illegal funeral policies – twelve schemes under investigation

05 September 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Financial Services Board (FSB) is investigating twelve entities selling funeral policies and continues to warn the public to be cautious when purchasing such policies.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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