The March 2017 Associated Compliance Newsletter has been published in the Insurance Gateway® Knowledge Base.
With a compliance flavour, these newsletters provide a comprehensive overview of happenings within the overall regulatory environment for FSPs, and are a must read for FSP executives who need to keep their finger on the compliance pulse.
Click here then download Newsletter 051 to view this edition.
FAIS Newsletter 22 from the FSB, published in December 2016, contains a very important section to assist the industry in understanding the “Credit” requirements. The following paragraph is printed in ... Read More »
Despite regular reminders, payments to advisers outside of what is legally permissible continue to make the news. This topic was covered in some detail in FAIS Newsletter 23, published in March 2017. Although the ... Read More »
Pressure is mounting on South Africa to enact the Financial Intelligence Centre Amendment Bill before the June 2017 meeting of the international Financial Action Task Force. The task force, which sets global standards ... Read More »
There’s an estimated R20bn in unclaimed benefits across 3. 5 million policy holders in South Africa. This massive sum represents both an obligation and an opportunity for financial services providers and ... Read More »
This clause is used in connection with liability and professional indemnity reinsurance to provide additional cover in respect of the liability incurred by a ceding company for losses on risks where there is an aggregation or accumulation of policies involved in the same loss (whether issued to the same insured or not). If required by the ceding company, the reinsurance treaty is extended by an aggregate extension clause to protect it against losses ...