Compliance - Regulatory

Authorities flex their muscles

When Twin Peaks was implemented in April, a whole new approach to regulation was brought into a market that was already facing massive regulatory reforms. Because of this, a few seeds of concern took root within the industry. There were a lot of questions that needed to be answered, and concerns that needed to be addressed.

Do you know…about the new policyholder protection rules? - Part 7

A tough first quarter for local collective investment schemes

The local Collective Investment Schemes (CIS) industry reported a 3.2% drop in assets under management for the first quarter of this year as a result of difficult market conditions and subdued net inflows on the back of bruised investor sentiment.

Whose fault is it?

In a recent determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), the complaint arises out of the rejection of the complainant’s claim for a stolen motor vehicle on the basis that the complainant had not complied with the minimum-security requirements.