A Comprehensive FAIS and FIC Compliance Service for professionals who require objective and independent monitoring of his/her adherence to the requirements of the FAIS Act.
Our comprehensive FAIS compliance service offers:
Appointment of Moonstone as compliance officer in terms the FAIS Act (with a dedicated Moonstone Compliance Officer attending to your practice).
A comprehensive assessment of your practice.
Compilation of a FAIS and FIC compliance risk management plan.
Assistance with implementation of the required and suggested changes, systems and processes.
Regional seminars and workshops on industry related topics.
Free access to a variety of industry intelligence electronic communications including the Moonstone Investment Indicators, Moonstone Monitor, Moonstone Compliance Brief and Compliance Alert.
Signing off the FAIS compliance report to the FSB.
Expert advice on qualifications, training and credit matters including RPL training (recognition of prior learning).
Access to MyCMSTM (My Compliance Management System) and all related information available on the system.
secure storage of information ranging from your licensing profile through to your training needs.
Important guidelines and principles relating to a practice`s FAIS compliance and risk management for both new entrants to the industry and established brokers. The platform assists financial advisors in providing high level advice and service to their clients and to increase the broker`s efficiency through refined information. Customised generically developed templates are available on our on-line platform which can be personalised and used in your own practice.
Reminders and notifications of important dates and industry matters, such as due dates for submission of financial statements to the FSB.
Latest news on legislation and Ombud rulings and other industry news.
Pricing structure Due to the large variations experienced in practices the price is determined individually for each practice based on IT capabilities, number of advisers and the number of transactions per adviser.
The Moonstone Protector™ for One Person Businesses is a direct response to the need expressed by many independent brokers for trustworthy affordable guidance through the tricky minefield of implementing practical FAIS compliance procedures, providing users with a safety net going forward. Our new on-line FAIS support service offers independent FSPs, who accept personal responsibility for their compliance function, access to a brand new way to manage FAIS and FIC compliance risk. You can outsource your compliance management function but never your responsibility. Moonstone is committed to support you, the one person business, in reducing your compliance risk.
The support service for one person businesses includes:
Secure storage of information ranging your licensing profile through to your training needs
A risk management process and tools including an on-line questionnaire and risk management plan. The Protector for one person business includes regular emails to flag specific deadlines per risk management plan and detailed information on how to use/complete the templates and support on monitoring activities
Applicable templates needed to implement risk management plan.
Reminders and notifications of important dates and industry matters, such as due dates for submission of financial statements to the FSB.
Access to the Knowledge Library assisting financial advisors in providing high level advice and service to their clients and to increase the broker`s efficiency through refined information.
The latest news on legislation and Ombud rulings and other industry news.
Free attendance of certain Moonstone regional seminars or workshops e.g. the completion and submission of annual Compliance Reports to the FSB.
Free access to a variety of industry intelligence electronic communications including Moonstone`s Investment Indicators, Monitor, Compliance Brief and Compliance Alert.
Expert advice on qualifications, training and credit matters including RPL training (recognition of prior learning)
Assistance with obtaining professional indemnity cover, at competitive rates, from the top service providers.
Contact details Theuns Swanepoel or Deon du Toit at 021 883 8000.
Consultation Services
The Moonstone FAIS Compliance and legal Consultation Service for FSP`s is available for those requiring assistance on an ad hoc basis. Fees are charged on an hourly basis.
