Specialising in Governance, Risk & Compliance Management
In a growing regulatory environment, with higher business complexity and increased focus on accountability, Financial Service Providers and Insurers are faced with the imperative to pursue a broad range of governance, risk, and compliance initiatives. At Assent Legal, we understand the unique challenges you face. Our specialised solutions provide the tools and expertise necessary to navigate this landscape with confidence. By partnering with us, you can proactively address regulatory requirements, mitigate risks, and ensure a strong culture of compliance, setting the foundation for long-term success in this evolving industry.
Based in Cape Town, Assent Legal offers a unique perspective and expertise, operating across South Africa. Our advantageous location provides convenient access to national airports, enabling us to efficiently and effectively serve our clients.
"Empowering Your Business
through Governance, Risk, Compliance, and Resolution."
Assent Legal is dedicated to offering a wide range of specialised practice areas designed to tackle the maze of compliance and risk management, specifically within the scope of the South African Financial Legislative environment. Our team of skilled professionals merges extensive expertise in South African financial Services regulations with practical industry experience. This synergy enables us to provide impactful solutions that promote the ethical operation of your business and ensure strict adherence to relevant laws. Discover our practice areas below, tailored to meet your unique needs.
"Navigate with Confidence:
Your Partner in Governance, Risk, Compliance, and Resolution"
Strong governance and robust frameworks form the foundation of a well-managed and compliant organisation. Our governance and frameworks practice area focuses on helping your business establish sound governance structures, implement appropriate policies and procedures, and ensure effective oversight of key processes. We work within the framework of the South African Financial Services Acts as well as the Companies Act to assist in designing governance frameworks, developing internal controls, and enhancing transparency and accountability within your organisation to enable you to manage your organisation from a risk perspective.
Proactive risk assessment and management are vital for mitigating potential threats and optimizing business operations. In our risk assessment and management practice area, we work closely with your organisation to identify, evaluate, implement controls and manage risks within the context of the South African Financial Services Acts. We assist in developing risk management frameworks, conduct risk assessments, and provide guidance on implementing effective risk mitigation strategies that align with regulatory requirements.
Remaining up-to-date with the ever-evolving realm of financial services legislation is crucial for businesses in this environment. At our regulatory compliance practice area, we specialise in assisting your organisation in comprehending and adhering to the South African Financial Services Acts, which encompass significant laws such as the Financial Sector Regulation Act (FSRA), the Financial Intelligence Centre Act (FICA), the Financial Advisory and Intermediary Services Act (FAIS), and the Protection of Personal Information Act (POPIA). Our services include conducting meticulous compliance assessments, offering clear guidance on regulatory requirements, aiding in the development of tailored compliance frameworks, and delivering comprehensive training to ensure your organisation meets its regulatory obligations effectively and in alignment with the prevailing laws.
COMPLAINTS RESOLUTION & CLAIMS NEGOTIATIONS
Our dedicated complaints resolution service swiftly and effectively addresses issues, minimizing the risk of customer dissatisfaction and legal consequences. We handle complaints and claims repudiation efficiently, engaging with the FAIS Ombud, the Pension Fund Adjudicator (PFA) and the Tribunal when necessary, ensuring prompt resolution and maintaining a harmonious business relationship. Additionally, our claims negotiations and advisory expertise resolve disputes with insurers or third parties. We assess claims meticulously, negotiate settlements skillfully, and provide expert guidance throughout the process, guaranteeing a fair and favorable outcome. Trust us to navigate the complexities of disputes, providing the necessary support for a satisfactory resolution.
We take pride in our dedicated consultancy service, which stands out as a distinct offering among our comprehensive range of practice areas. With a strong emphasis on delivering expert advice and guidance, our consultancy service is meticulously designed to assist businesses in successfully navigating the complex landscape of South African Financial Services legislative laws. We understand the paramount importance of accessing trusted expertise that can provide current insights and strategic direction. Our tailored consultancy service precisely caters to this need, providing specialised knowledge and an in-depth comprehension of the legal framework that governs the financial sector in South Africa. Our highly skilled consultants, armed with extensive experience and industry insights, collaborate closely with your organisation, investing the necessary time to comprehend your unique objectives. Consequently, we offer expert guidance that is specifically customised to meet your business requirements.
At Assent business is personal.
Developing strong, personal relationships is at the forefront of our service approach, and the fact that many of our clients are long-standing clientele is not by accident. We strive to provide a service that is a cut above.
We are a registered Compliance Practice No. 3642 with the FSCA and offer a wide variety of compliance and legal services to Insurers, including Cell Captives, Underwriting Managers, Asset Managers, and Financial Services Providers.
Our roots run deep in the financial services industry going back to 1989. Assent started in 2006 as a small FAIS compliance, legal and training company providing support services to Financial Services Providers.
The years that followed brought many changes to the regulatory environment and ever-changing requirements that needed various skills to assist our clients.
Assent built a platform of competence and embraced changes by continually adapting and upskilling. This enhanced our services and provided clients with the needed support. Today, Assent is an accomplished Governance, Risk and Compliance specialist.
We are based in Cape Town, South Africa, Unit 4 Northumberland House
Corner Parklands Main & Northumberland Close, Parklands
Office Hours: 08h30 – 16h30 weekdays