114/2008 2008 COMPLIANCE REPORT Submitted on 11/19/2008 Dear member Members who are not required to appoint a compliance officer must submit the 2008 compliance report to the FSB not later than 28 February 2009. The reporting date for these FSP’s .....MORE 113/2008 FAIS OMBUD DETERMINATION Submitted on 11/18/2008 Dear member The FAIS Ombud has posted another determination on his website. In this determination he found in favour of the complainant on the grounds of inadequate/improper advice from both insure.....MORE 112/2008 FIT AND PROPER REQUIREMENTS 2008 Submitted on 11/17/2008 Dear member The attached document gives a brief overview of the salient matters contained in the latest Determination of Fit and Proper Requirements for Financial Services Providers. It was issued .....MORE 111/2008 PERSONAL SERVICE COMPANIES, CLOSE CORPORATIONS AND TRUSTS Submitted on 11/16/2008 ONLY MEMBERS WHO USED THE ASTUTE SYSTEM TO SUBMIT DECLARATIONS Dear member If you submitted a declaration in terms of the personal services companies, close corporations or trusts tax requiremen.....MORE 110/2008 ANNUAL REPORTS Submitted on 11/15/2008 Dear member The annual reports of the FSB and FAIS Ombud have now been posted on their respective websites: http://www.fsb.co.za/ Click on Publications Click on Reports/Bulletins Click on .....MORE 109/2008 ROAD ACCIDENT FUND Submitted on 11/14/2008 Dear Member Please see the attached Road Accident Fund document for your attention......MORE 108/2008 FINANCIAL SERVICES LAWS GENERAL AMENDMENT ACT, 2008. Submitted on 11/13/2008 Dear member The Financial Services Laws General Amendment Act came into effect on 1 November 2008 as published in Government Gazette 31561 of 31 October 2008. Please note: Section 78 of this .....MORE 107/2008 SASRIA NEWSLETTER 445 Submitted on 11/12/2008 Dear Member Please see attached SASRIA PDF file for your perusal......MORE 106/2008 SASRIA NEWSLETTER 444 Submitted on 11/11/2008 Dear Member Please see attached SASRIA PDF file for your perusal......MORE 105/2008 COMPLIANCE REPORTS 2008 Submitted on 10/20/2008 Dear member I am receiving many calls regarding the submission of the 2008 compliance report. The dates for submission to the FSB have been changed and these reports are not to be submitted at the .....MORE 104/2008 FSB ANNUAL REPORT Submitted on 10/14/2008 Dear member The 2008 annual report of the FSB has now been posted on their website: www.fsb.co.za Click on “Latest News” Click on “FSB Annual Report” FIA regards.....MORE 103/2008 FAIS OMBUD DETERMINATION Submitted on 10/13/2008 Dear member The FAIS Ombud has posted another determination on his website. This determination relates to rejection of a claim due to non-payment of premiums. The obligations of the intermediary an.....MORE 102/2008 FAIS OMBUD DETERMINATION Submitted on 10/7/2008 Dear member The FAIS Ombud has made another determination in respect of a fictitious policy that was created by an intermediary. In this determination the Ombud investigates the flaws in the PERSAL.....MORE 101/2008 LONG-TERM INSURANCE AND INVESTMENTS Submitted on 10/4/2008 Dear member Please view the attached document for details of the newly formed Savings and Investment Association – South Africa (ASISA). FIA regards. Joe Kotzé National Manager: .....MORE 100/2008 FAIS NEWSLETTERS Submitted on 10/3/2008 Dear member The FSB has posted FAIS Newsletters 5 and 6 on their website. Newsletter 5 contains valuable information for the smaller brokerage in respect of the submission of compliance reports .....MORE 099/2008 FINANCIAL SERVICES LAWS GENERAL AMENDMENT ACT Submitted on 10/2/2008 Dear member The Financial Services Laws General Amendment Act, No 22 of 2008, has been published in Government Gazette no 31471 of 30 September 2008. The Act comes into effect on a date to be de.....MORE 098/2008 S REFERENCES - NEW PROCEDURE Submitted on 10/1/2008 Dear member Please view the attached document which is the draft guidelines on debarment procedures to be followed by life offices. Fritz Rossouw, Compliance Officer, Broker Division of Old Mutu.....MORE 097/2008 FIA EXPRESS AND FIA WEBSITE Submitted on 9/30/2008 Dear member On behalf of the FIA Board and other members we would like to welcome you to the FIA and all services offered. This includes a comprehensive correspondence system through our FIA Expres.....MORE 096/2008 REMUNERATION OF HEALTHCARE BROKERS Submitted on 9/22/2008 Dear member Linza van Aswegen, chairperson of the FIA Executive Healthcare Committee, comments as follows on the above topic: “The FIA Executive Healthcare Committee hereby confirms that w.....MORE 095/2008 Ronnie Napier appointed as Chairman of the SAIA Board Submitted on 9/17/2008 Dear member Please see the press release below with regards to the appointment of Ronnie Napier as Chairman of the SAIA Board: 17 September 2008 Ronnie Napier appointed as Chairman of the SA.....MORE 094/2008 FSB INFORMATION LETTER Submitted on 9/16/2008 Dear member Please view the attached document which is an explanation of the new regulations on commission payments on contractual savings policies and early termination values on these policies. .....MORE 093/2008 COLLECTION OF PREMIUMS Submitted on 9/15/2008 Dear member Please view the attached document if your brokerage collects premiums from clients. The document is a revised section 19(3) report that must be completed by your approved auditor. Th.....MORE 092/2008(A) NEW COMMISSION REGULATIONS Submitted on 9/14/2008 Dear member Due to an unforseen technical hitch the attached PDF file was not included in the original e-mail sent yesterday. Please find it attached now. It is the Government Gazette containin.....MORE 092/2008 NEW COMMISSION REGULATIONS Submitted on 9/13/2008 Dear member Please view the attached documents which are the new regulations on contractual savings commissions and early termination values, and a media release by the LOA on the topic. Members.....MORE 091/2008 CMS ANNUAL REPORT/RMS JAARVERSLAG Submitted on 9/5/2008 Dear member The 2007/2008 annual report of the Council for Medical Schemes has been released and can be viewed on their website: www.medicalschemes.com Please read the seven goals of the CM.....MORE 090/2008 UPDATE FIA / LUASA MERGER Submitted on 9/4/2008 Dear Member The merger between the FIA and Luasa is on track with no major stumbling blocks being experienced. Over the past two days, the two boards of FIA and Luasa met with a view to sharing a c.....MORE 089/2008 PERSONAL SERVICES COMPANIES Submitted on 9/3/2008 Dear member Please view the attached document which explains the concept of a personal services company, close corporation and trust and their tax status. Astute FSE has developed an electronic .....MORE 088/2008 FSB CONFERENCE ON NEW FIT AND PROPER REQUIREMENTS Submitted on 8/29/2008 Dear member Please view the attached documents on a conference that will be hosted by the FSB on the new Fit and Proper Requirements. These requirements will probably come into effect from 2010 onw.....MORE 087/2008 FINANCIAL INTELLIGENCE CENTRE AMENDMENT ACT, 2008 Submitted on 8/28/2008 Dear member The Financial Intelligence Centre Amendment Act has been published in Government Gazette 31365 on 27 August 2008. The Act affects all accountable institutions which, in terms of Sche.....MORE 086/2008 CATEGORY II LICENSE/KATEGORIE II LISENSIE Submitted on 8/27/2008 Dear member Charmaine Koch is a consultant of the FIA who is actively involved with the FSB and Inseta. Members who are licensed for pension fund benefits (sub-category 1.7) and/or collective inves.....MORE 085/2008 FSB BOARD OF APPEAL Submitted on 8/26/2008 Dear member In 2005 the FAIS Ombud made a determination against a broker who was involved in the placement of an investment with Leaderguard. The broker subsequently appealed against the determinat.....MORE 084/2008 SHORT-TERM INSURANCE BROKER CONTRACTS OR INTERMEDIARY AGREEMENTS Submitted on 8/25/2008 Some of our members raised concerns about the Broker contracts that are on offer from certain Insurers. At the Short-term Executive Committee meeting which was held on 14th of August 2008 this matt.....MORE 083/2008 PLANNING YOUR BUSINESS CONTINUITY Submitted on 8/21/2008 Dear member Please view the attached article by Johann Maree, a practice management specialist, on how to plan for continuation of your business. A survey by the FSB showed that few independent.....MORE 082/2008 PREMIUMS & PROBLEMS - OLD MUTUAL Submitted on 8/20/2008 Dear member Please see below a message from Old Mutual. As from Monday, the 18th of August 2008, Premiums & Problems Exam Edition 97 will be available for purchase via the Old Mutual Brand Shop.....MORE 081/2008 CLIENT SERVICE INSTRUCTION - AFRIKAANS Submitted on 8/14/2008 Dear member Please view the attachment which is a translation to Afrikaans of the client service instruction form. The instruction document was acquired by SAFSIA through an agreement with a compli.....MORE 080/2008 HSBC Document on The Future of Retirement Submitted on 8/13/2008 Dear Member To see this document please log on to the FIA website click on downloads and then click on the Financial Planning Committee and then click on the pdf HSBC Document on The Future of Reti.....MORE 079/2008 SASRIA NEWSLETTER 443 Submitted on 8/10/2008 Dear Member Please see attached SASRIA PDF file for your attention. Kind FIA regards Leoné Enslin National Manager: Short Term Insurance Financial Intermediaries Association of Southe.....MORE 078/2008 Road Accident Fund Amendment Act Submitted on 8/7/2008 Dear FIA member The Road Accident Fund Amendment Act has been promulgated with effect from 01 August 2008. Attached find an article that appeared in the Cape Argus on 05 August 2008. Please also f.....MORE 077/2008 IMPORTANT MUTUAL & FEDERAL ANNOUNCEMENT Submitted on 8/6/2008 Dear member Please read the very important attached PDF file received from Mutual & Federal. Kind FIA regards Leoné Enslin National Manager: Short-Term Insurance Financial Intermedia.....MORE 076/2008 FAIS NEWSLETTER Submitted on 8/4/2008 Dear member Please view the latest FAIS newsletter attached hereto. It contains valuable information on current and future developments on compliance matters. FIA regards. Joe Kotzé Nat.....MORE 075/2008 RETIREMENT PLANNING Submitted on 8/3/2008 Dear member Please view the attached document which will bring you up to date on the latest developments in the field of retirement planning. FIA regards. Joe Kotzé National Manager: Co.....MORE 074/2008 CODE ON LIVING ANNUITIES Submitted on 8/2/2008 Dear member Please view the attached document that contains the new Code on Living Annuities which will come into operation by 1 February 2009. The Code is intended to provide industry standards.....MORE 073/2008 CLIENT INSTRUCTION AND MANDATE FORM Submitted on 8/1/2008 Dear member Please view the attachment which is an example you can use when entering into a contractual relationship with a client. The document was acquired through negotiations by (then) SAFSIA.....MORE 072/2008 TAXATION LAWS AMENDMENT ACT 3 OF 2008 Submitted on 7/31/2008 Dear member The attached document was compiled by Jenny Gordon, Senior Legal Adviser of Old Mutual. It explains the latest provisions affecting retirement funds and taxability of member benefits. .....MORE 071/2008 SASRIA NEWSLETTER 442 Submitted on 7/30/2008 Dear Member Please see attached SASRIA PDF file for your perusal. Kind FIA regards Leoné Enslin National Manager: Short Term Insurance Financial Intermediaries Association of Southe.....MORE 070/2008 2008 COMPLIANCE REPORT ELECTRONIC VERSION Submitted on 7/22/2008 Dear member If you previously submitted your compliance report electronically, the FSB would by this time have e-mailed the link to the software for the 2008 compliance report to you. This link is .....MORE 069/2008 FINANCIAL STATEMENTS Submitted on 7/14/2008 Dear member 1. All FSP’s must submit their financial statements to the FSB within six months after the financial year end of the FSP. Financial statements must be submitted in terms of se.....MORE 068/2008 FSB LEVIES 2008 Submitted on 7/13/2008 Dear member Please read the attached document for more information on the 2008 levies payable by all Category 1 authorized financial services providers, specifically points 15 and 16 on page 13. .....MORE 067/2008 2008 COMPLIANCE REPORT Submitted on 7/9/2008 Dear member Please note the following: 1. A hard copy of the 2008 compliance report for FSP’s who are required to appoint a compliance officer can be downloaded from the FIA website: .....MORE 066/2008 FSB NEWSLETTER VOL 6 Submitted on 7/8/2008 Dear member FSB Newsletter volume 6 can be viewed on the FSB website. It contains notes on money laundering legislation and all members should study the contents. www.fsb.co.za Click on ̶.....MORE 065/2008 FAIS OMBUD DETERMINATIONS Submitted on 7/6/2008 Dear member The Deputy Ombud has made two more determinations: SHORT-TERM INSURANCE Andries Johannes van der Walt vs Professional Group Insurance The Deputy Ombud dismissed the complaint agai.....MORE 064/2008 COUNCIL FOR MEDICAL SCHEMES NEWS Submitted on 7/5/2008 Dear member The CMS has published its latest newsletter, Quarter 2:2008. It contains various informative articles relevant to the industry and the broker. The newsletter can be viewed at –.....MORE 063/2008 FIA APPOINTMENTS Submitted on 7/3/2008 Dear member FIA president, Arnold vd Linde announced that, in line with a decision by the FIA Board of Directors, w.e.f. 1 July 2008,Mr Ben Rossouw has been appointed as Chief Executive Officer (CE.....MORE 062/2008 WINNING WAYS SEMINARS Submitted on 7/2/2008 Dear member Below are details of the Winning Ways seminars presented by Moonstone Compliance. Also view the attachment for more information on the topics and speakers. FIA members will qualify f.....MORE 061/2008 2008 COMPLIANCE REPORT Submitted on 7/1/2008 Dear member The 2008 compliance report for FSP’s with compliance officers requires a number of annexures to be attached thereto. I have posted examples of such annexures on our website whi.....MORE 060/2008 BROKERS ADD VALUE TO THE HEALTHCARE ENVIRONMENT Submitted on 6/30/2008 Dear member Please view the attached article which appeared in the FA News this morning. We are proud to have a member like Andre Jacobs of AON, who was one of the presenters at the recent IHRM sem.....MORE 059/2008 RENAISSANCE MEDICAL SCHEME Submitted on 6/23/2008 Dear member Please view attached report from the curator of Renaissance Medical Scheme. Your assistance in this matter will be appreciated. FIA greetings. Joe Kotzé National Manager: .....MORE 058/2008 FAIS OMBUD DETERMINATION Submitted on 6/19/2008 Dear member The attached document relates to a determination made against an intermediary who sold a medical plan to a client and in the process failed to act as the reasonable intermediary should .....MORE 057/2008 FOLLOW UP OF RENEWAL OF FIA PROFESSIONAL INDEMNITY SCHEME Submitted on 6/13/2008 Dear Member, Regarding the new Marsh-FIA Professional Indemnity Scheme for FIA members please refer to the attached document. This is a follow up reminder for members with an inception date of 0.....MORE 056/2008 FIA Notice of SGM 9 July 2008 Submitted on 6/12/2008 Dear FIA Member It is indeed a privilege to inform you that the recent merger between SAFSIA and IBC has turned out to be a huge success. The industry and other stakeholders have certainly changed.....MORE 055/2008 THE INSTITUTE OF HEALTH RISK MANAGERS (IHRM) BREAKFAST SEMINAR Submitted on 6/11/2008 Dear member The following seminar will be taking place at the end of June 2008 please see details below: Date: Friday, 27 June 2008 Time: Registration: 08:00 Presentation: 08:30 - 09.....MORE 054/2008 PENSION FUNDS ACT - SECTION 14(7) TRANSFERS Submitted on 6/10/2008 Dear member The FIA and Association of Collective Investment Schemes have been engaged in various talks with National Treasury and were recently afforded the opportunity to address the Parliamentar.....MORE 053/2008 FAIS ASSESSMENTS - INSETA AND IMFUNDO Submitted on 6/9/2008 Dear member Please see below comments from Ronel Burger of Imfundo in respect of assessment results. It confirms all my previous circulars in this regard. There currently is not an accessible da.....MORE 052/2008 FRAUDLINE Submitted on 6/7/2008 Dear member The FIA is a member of Fraudline, should you have any reason to suspect cases of fraud in the industry that you would like to report, you can go directly to their website www.tip-offs.c.....MORE 051/2008 RENAISSANCE MEDICAL SCHEME Submitted on 6/6/2008 Dear member We refer to the report by the curator of Renaissance which can be found on the website of the Council for Medical Schemes (http://www.medicalschemes.com/) as well as the article that ap.....MORE 050/2008 EXTERNAL COMPLIANCE OFFICERS Submitted on 6/5/2008 Dear member If you have been authorized by the FSB to act as compliance officer for FSP’s other than your own FSP, then the attached Government Gazette may be applicable to you. It relates.....MORE 049/2008 ONLY USERS OF ASTUTE Submitted on 6/3/2008 Dear member You may already have received Astute News No 5 wherein the increase in user fees is announced. The increase will come into operation on 1 July 2008 and amounts to approximately 8.5% on .....MORE 048/2008 2008 COMPLIANCE REPORT Submitted on 6/2/2008 Dear member The 2008 compliance report and information has now been posted on the FSB website. If you have not previously registered to submit the report electronically you can do so now by followi.....MORE 047/2008 GENERAL CODE OF CONDUCT - AMENDMENTS Submitted on 5/30/2008 Dear member Please view the attached document which is the Government Gazette containing amendments and insertions to the General Code of Conduct. The amendments are mainly aimed at proper discl.....MORE 046/2008 2008 COMPLIANCE REPORT Submitted on 5/29/2008 Dear member The 2008 compliance report for FSP’s with compliance officers has been published and is available on the FIA website. Please note: 1. This report must only be complete.....MORE 045/2008 RENEWAL OF PROFESSIONAL INDEMNITY COVER Submitted on 5/26/2008 Dear Member, Regarding the new Professional Indemnity cover for FIA members please refer to the attached document. The renewal date of the Professional Indemnity cover for the year 2008-2009 for.....MORE 044/2008 COMPLIANCE AND RISK MANAGEMENT Submitted on 5/25/2008 Dear member Please view the attached document which you can use as a guideline to a risk management plan. The 2008 compliance report poses the following questions: Does the FSP employ approp.....MORE 043/2008 FIT AND PROPER REQUIREMENTS Submitted on 5/23/2008 Dear member If you are licensed ONLY for short-term insurance products and have not yet attained the required credits, then please view the attached document. Any query in this regard must only .....MORE 042/2008 RENAISSANCE MEDICAL SCHEME Submitted on 5/22/2008 Dear member Please view the attached press release issued by the Council for Medical Schemes. This is a second press release following on the circular by the CMS referred to in FIA Express 041/2.....MORE 041/2008 RENAISSANCE MEDICAL SCHEME Submitted on 5/18/2008 Dear member Please view the attached circular issued by the Council for Medical Schemes. Linza van Aswegen, chairperson of the FIA National Medical Committee, comments as follows: “Memb.....MORE 040/2008 FAIS OMBUD DETERMINATIONS Submitted on 5/12/2008 Dear member Please view the attached article which appeared in FA News today. It relates to two instances where leave to appeal against determinations made by the FAIS Ombud were denied. The.....MORE 039/2008 Short Term Insurance Act - Regulation 4.2 and 4.4(a) of Part 4- Publications in the Government Gazette Submitted on 5/11/2008 Dear members Please visit the FSB website to view latest publications in the Government Gazette regarding amendments to the Short Term Insurance Act regulation 4.2 and 4.4. Go to www.fsb.co.za .....MORE 038/2008 SASRIA CIRCULAR N0 440 Submitted on 5/10/2008 Dear Member Please see attached SASRIA PDF file for your perusal. Kind FIA regards Leoné Enslin National Manager: Short Term Insurance Financial Intermediaries Association of Southe.....MORE 037/2008 FSB LATEST NEWS Submitted on 5/6/2008 Dear member The FSB has posted several newsworthy documents on their website: www.fsb.co.za Click on “Latest News” Here you will find the FSB Bulletin: First Quarter 2008 with.....MORE 036/2008 FAIS ASSESSMENTS PRESENTATIONS Submitted on 5/5/2008 Dear member Please see below dates of presentations that will be held in respect of FAIS assessments. These assessments are similar to those held by UNISA in 2004. Members who still need to attain .....MORE 035/2008 TAX - PERSONAL SERVICE COMPANIES, CLOSE CORPORATIONS AND TRUSTS Submitted on 4/24/2008 Dear member Please view the attached document which explains the tax implications for personal service companies, close corporations and trusts. The affidavit must be submitted annually to produ.....MORE 034/2008 EMPLOYERS - MANDATORY ACTS Submitted on 4/23/2008 Dear member Avoid penalties from the Department of Labour – display these wall charts at your office: There are still many employers who are not displaying a summary of the Employment Equi.....MORE 033/2008 FAIS OMBUD DETERMINATIONS Submitted on 4/22/2008 Dear member The FAIS Ombud has made four more determinations. These determinations have been posted on their website: www.faisombud.co.za; Hold cursor on “Determinations” and click.....MORE 032/2008 FAIS LEVIES 2008 Submitted on 4/21/2008 Dear member Please read the attached document for more information on the 2008 levies payable by all authorized financial services providers. The date on which the levies are calculated will no.....MORE 031/2008 FIT AND PROPER REQUIREMENTS Submitted on 4/11/2008 Dear member This serves as a reminder of the FAIS assessments being offered through INSETA if you still need to attain credits in terms of the Fit and Proper requirements. For more information &.....MORE 030/2008 FICA: SUSPICIOUS TRANSACTIONS Submitted on 4/10/2008 Dear member Please read the attached document. It is a guidance note on suspicious and unusual transactions and the reporting duty imposed on all members. Members who are licensed only for short-te.....MORE 029/2008 FIT AND PROPER REQUIREMENTS Submitted on 4/9/2008 Dear member Please see attached document for details of training provided by FPI for those who are licensed for healthcare products. Please keep in mind that you may still choose to follow any othe.....MORE 028/2008 INCREASE OF LIBERTY GROUP BENEFITS Submitted on 4/8/2008 Dear Member, Attached please find the Liberty tariffs for 2008-2009. The good news is that the Life cover has remained the same for the past 3 years. Take note of the attached document regarding th.....MORE 027/2008 FIA LOGO Submitted on 4/4/2008 Dear member Due to the numerous requests, I am resending the FIA logo. Please see the attached files together with the FIA Graphic Standards which must be strictly adhered to. Kind FIA regar.....MORE 026/2008 GUARDRISK APPEAL ON MEDICAL PRODUCTS Submitted on 4/3/2008 Dear FIA member Attached find a copy of the Supreme Court of Appeal’s judgment in the matter between Guardrisk Insurance Company Ltd v Registrar of Medical Schemes. The Supreme Court of Appe.....MORE 025/2008 COMPLIANCE NEWS 43: CONFLICTS OF INTEREST Submitted on 4/2/2008 Dear member Please find attached hereto notes on CONFLICTS OF INTEREST which you are welcome to use. The document contains an example on how you can structure a conflicts of interest policy. The Ge.....MORE 024/2008 CLOSE CORPORATIONS - ANNUAL RETURNS Submitted on 3/31/2008 Dear member Please see attached document relating to annual returns which must be submitted to the Registrar of Close Corporations. Your auditor or accounting officer should be aware of this req.....MORE 023/2008 TAXATION OF LUMP SUM BENEFITS Submitted on 3/26/2008 Dear member The attached document from SARS explains the taxation of lump sum benefits. FIA regards. Joe Kotzé National Manager: Compliance/Financial Planning/Medical Financial Inter.....MORE 022/2008 DRAFT REGULATIONS ON CONTRACTURAL SAVINGS Submitted on 3/20/2008 Dear member For the past three years the FIA, together with other representative bodies and the LOA, have been engaged in debating the matter at hand with National Treasury. In our previous cor.....MORE 021/2008 COLLECTION OF PREMIUMS AND AUDIT REQUIREMENTS Submitted on 3/18/2008 Dear member There seems to be uncertainty about collection of premiums and audited financial statements. The following states the correct position in terms of section 19 of the FAIS Act: 1. .....MORE 020/2008 SANTAM MESSAGE Submitted on 3/5/2008 Dear member Attached please find communication from Santam. Kind regards Leoné Enslin National Manager: Short-Term Insurance Financial Intermediaries Association of Southern Africa .....MORE 019/2008 SHORT–TERM INSURANCE: M&F ON LOAD SHEDDING Submitted on 3/1/2008 Dear Member We have received some information for you on load shedding from Mutual and Federal. This is only available in English. Kind regards Leoné Enslin National Manager: Short-Te.....MORE 018/2008 SHORT-TERM INSURANCE : SANTAM RESPONDS TO LOAD SHEDDING Submitted on 2/29/2008 Dear member We have received some information for you on load shedding from Santam. For your convenience, the following documents are attached: · A letter containing more information on .....MORE 017/2008 SUPERVISION OF REPRESENTATIVES Submitted on 2/28/2008 Dear Member Please see attached document which explains the duties of a FSP when a representative is employed or mandated and such representative does not yet comply with the minimum experience req.....MORE 016/2008 SHORT-TERM BASIC BUSINESS GUIDELINES Submitted on 2/27/2008 Dear Member We have received the Basic Business Guidelines from SAIA. These files are available on our website under Downloads. To view these files and to adapt excerpts of them to suite your bus.....MORE 015/2008 FAIS OMBUD DETERMINATIONS Submitted on 2/25/2008 Dear member The FAIS Ombud has made two more determinations in which complaints against the intermediaries were dismissed. These determinations have been posted on their website: - www.faisombud.....MORE 014/2008 COMPLIANCE REPORTS AND FINANCIAL STATEMENTS Submitted on 2/22/2008 Dear member I have just confirmed the following facts with the FSB: 1. FSPs who failed to submit compliance reports for previous years will soon receive a letter in this regard, accompanied b.....MORE 013/2008 2008 COMPLIANCE REPORTS Submitted on 2/21/2008 Dear member The dates for reporting and submitting the 2008 compliance reports have been consolidated and will no longer depend on the financial year end of the FSP. The new dates are as follows.....MORE 012/2008 FAIS FIT AND PROPER REQUIREMENTS Submitted on 2/19/2008 Dear member Please remember the following final dates if you still need to attain credits to comply with the Fit and Proper Requirements: - 31 December 2008 – if you were licensed or first.....MORE 011/2008 FIA & FPI AGREEMENT Submitted on 2/18/2008 Dear member Please see the attached word document regarding the agreement between the FIA & the FPI with regards to fees. Kind regards Miekie Jooste Finance & Admin Manager (FIA) Miekie@fia.....MORE 010/2008 FAIS OMBUD DETERMINATIONS Submitted on 2/17/2008 Dear member The FAIS Ombud has made two more determinations. These determinations have not yet been posted on their website. Please see attachments. FIA regards. Joe Kotzé National.....MORE 009/2008 FAIS OMBUD DETERMINATIONS Submitted on 2/12/2008 Dear member The FAIS Ombud has made two more determinations. These determinations can be viewed at – · www.faisombud.co.za · Click on “Determinations 2008” .....MORE 008/2008 FSB AND LOAD SHEDDING Submitted on 2/11/2008 Dear member Please take note of the attached circular from the FSB. FIA regards. Joe Kotzé National Manager: Compliance/Financial Planning/Medical Financial Intermediaries Association .....MORE 007/2008 FAIS OMBUD DETERMINATIONS AND APPEALS Submitted on 2/10/2008 Dear member The FAIS Ombud has made two more determinations. These determinations can be viewed at – · www.faisombud.co.za · Click on “Determinations 2008” .....MORE 006/2008 LETTER OF WELCOME FROM THE C E O Submitted on 1/21/2008 Dear Member It is the beginning of a new era for the recently formed FIA. We trust that you all had a wonderful festive season and enjoyed a well deserved rest. As you are all well aware by now th.....MORE 005/2008 MEDICAL ACCREDITATION Submitted on 1/18/2008 Dear member REMINDER: 2. Please read the attached document to avoid a loss of income due to failure to renew your accreditation in time. The previous dispensation had been revoked by the MSC and.....MORE 004/2008 FAIS OMBUD DETERMINATION Submitted on 1/17/2008 Dear member The FAIS Ombud has made another determination. This determination can be viewed at – • www.faisombud.co.za • Click on “Determinations 2007” • .....MORE 003/2007 SAIA BULLETIN Submitted on 1/15/2008 Dear Member Please see the attached SAIA document . Please take special notice that we have stopped the distribution of the hard-copy of the SAIA Bulletin, as it is now available via e-mail. .....MORE 002/2007 FSB BOARD OF APPEAL Submitted on 12/6/2007 Dear member The FSB Board of Appeal has given judgment in the Smit Garrun and Renier Reyneke appeal. In an earlier determination the FAIS Ombud made a finding against Smit Garrun who subsequently a.....MORE 001/2007 SECTION 14 TRANSFERS Submitted on 12/4/2007 Dear Member Please take note that the IBC National Life Committee will now be known as the FIA Financial Planning Committee. Please see the information below regarding Section 14 Transfers. .....MORE

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