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Ensuring your succession plan

Ensuring your succession plan

The FSCA requires Financial Services Providers to have in place a continuity plan that ensures your clients are not left in the lurch should you exit your business. Taking this a step further, a succession plan also looks after your investment in your business, ensuring that you realise the worth of your hard work or that your beneficiaries are fairly compensated should you no longer be around. If your successor is not internal to your...

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The Prudential Authority’s 3-year regulatory requirements

The Prudential Authority’s 3-year regulatory requirements

Through the adoption of its regulatory strategy, the Prudential Authority’s (PA) will help market participants and the public understand the approach it will take in overseeing financial stability of the markets. Kuben Naidoo, Chief Executive Officer of the PA the Authority, was quoted in the FSCA Bulletin as saying the PA will follow a risk-based and proportional, forward-looking, outcomes-focused and integrated supervisory approach. The core...

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New laws affecting the financial landscape

New laws affecting the financial landscape

A number of news laws have or will be coming into effect this year, all of which affect the financial industry landscape. According to an article on Business Tech, these seven laws are: Conduct of Financial Institutions Bill – Outlines what customers and industry players can expect of financial institutions. It includes the implementation of the Treating Customers Fairly (TCF) principles. Competition Amendment Bill – Introduces...

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