FAIS Exams Media Release by the FSB

We receive numerous enquiries every day from candidates about the issues addressed by the FSB in the press release dated 20 April and copied below. Our comments appear in Italics. In recent media reports there has been some miscommunication with relation to the RE exams. ...

RE 3 and 4 Preparation Guides

As indicated above, those Key Individuals who need to write these exams now have preparation guides specifically aimed at helping them prepare correctly. Please click here to download the NEW guide for RE4, and the Amended Guide for RE 3. Please note the following excerpt from the disclaimer: The material in the Preparation guide is [...]

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FSB Directive on Outsourcing of Business

The purpose of this directive is to “…direct long-term and short-term insurers (‘insurers’) to comply with the requirements set out in this Directive when outsourcing an aspect of their long-term and short-term insurance business (‘insurance business’) to another person.” The Directive sets out the general and overarching requirements that an insurer must comply with when [...]

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Administrative Services on behalf of Product Providers

Providing services to clients for which you are not reimbursed has always been part of the job. Back in the good old days, when most product providers paid more than lip service to the term “client care”, it was a pleasure working together to resolve issues, and both parties scored in terms of client retention. [...]

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What’s in a name?

The FSB recently distributed a document entitled “Call for contributions: intermediary services and related remuneration in the insurance sector”. Moonstone’s request for permission to provide input was granted, and we aim to provide the regulator with a broader perspective than what is implied in the title and scope of the document. The purpose of this [...]

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Burger oorlog in Bloem!

Super 15 Line-up for the weekend Highlanders/Bulls in Dunedin My colleague and ardent Bulls fan (is there any other type?) says he is quite happy with what his team has achieved so far. Even if they score no more points on tour, he regards it as mission accomplished. This weekend’s clash against a formidable Kiwi [...]

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Slow down you move to fast

A London lawyer runs a stop sign and gets pulled over by a Glasgow copper. He thinks that he is smarter than the cop because he is a lawyer from LONDON and is certain that he has a better education then any Jock cop. He decides to prove this to himself and have some fun [...]

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An Exam by any other Name

In answer to Shakespeare’s question “What’s in a name?” I have to say: “A heck of a lot” when talking about the regulatory exams. I sometimes wonder whether re-naming the different regulatory exams would not be a good idea. Using military ranks like troepie and korporaal, rather than Rep and KI, would make a lot [...]

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Identifying yourself Correctly

The professional nature of the regulatory examinations requires one to be officially identified at the venue before writing. There are three recognised documents which can be used: Your green bar-coded ID document, your driver’s licence or a valid passport. Failure to produce such a document will result in you being refused permission to write the [...]

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The Playoffs are Nearing

The unexpected losses of the Crusaders, Chiefs and Highlanders put a new perspective on just who will make the final six. The rules of the competition make for some interesting possibilities, and the scramble for a place in the playoffs suddenly became a lot closer than before this past weekend. Op dieselfde tema vra Bobby [...]

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How not to Convert a bear

A Catholic Priest, a Baptist Preacher and a Rabbi all served as Chaplains to the students of Northern Michigan University at Marquette in the Upper Peninsula of Michigan. They would get together two or three times a week for coffee and to talk shop. One day, someone made the comment that preaching to people isn’t [...]

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Daar lê die Ding

Die spelers wat vir die Springbokke op nommers 15, 10 en 9 gaan uitdraf, sowel as die plaasvervangers in hierdie sleutelposisies, kan bepalend wees in die uitkoms van die reeks. Fourie du Preez se aankondiging dat hy hom nie “onbeskikbaar” stel vir die Bokke nie, maar net in geval van nood sal speel was vir [...]

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Submission of Compliance Reports

FSB FAIS Circular 5: Submission of Compliance Reports and Financial Statements This document contains important information about compulsory returns every FSP should take notice of. The non-submission of financial statements and compliance reports are the chief reasons for FSP licences being suspended. To prevent this from happening to you, we recommend that you download and [...]

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Level 2 Regulatory Examinations

Quite some time ago, Inseta published study material for the level 2 REs on their website. It can be found in the same place as the level one RE study material. To assist readers, we copied the list of material that is available. The list also shows which guides are still in the process of [...]

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An Exam Strategy that has worked

I really enjoy hearing success stories from candidates who wrote the regulatory exams. On Tuesday, Andries B. phoned to thank me for the advice given which he thinks helped him pass. A week or two ago, he phoned to enquire about postponing his exam date as he did not feel properly prepared for the exam. [...]

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A Man’s Age, as Determined by a Trip to the Hardware Store

You are in the middle of some kind of project around the house – mowing the lawn, putting in a new fence, painting the living room or whatever. You are hot and sweaty, covered in dust, lawn clippings, dirt or paint. You have your old work clothes on – you know the outfit: shorts with [...]

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Hats off to the Hockey Champions

If ever a medal should be awarded to a team for overcoming setbacks, disappointment and discrimination, it should go to the SA men’s hockey side. Forced to re-qualify for the Olympics by the double-standard practitioners called Sascoc (my typing vinger almost slipped there) they displayed an awesome amount of guts and determination to give the [...]

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