FSCA Communication 37 of 2022 FAIS Upcoming Workshops for Financial Services Providers

1 FSCA COMMUNICATION 37 OF 2022 (FAIS) Upcoming workshops for Financial Services Providers

1. PURPOSE The purpose of this Communication is to provide information to registered Financial Services Providers (FSPs) about upcoming workshops to be hosted by the Financial Sector Conduct Authority (FSCA).
2. BACKGROUND 2.1 The FSCA is planning to conduct two virtual workshops for FSPs during November and December 2022, to be hosted live on MS Teams. 2.3 Attendance at the workshops will be free, but space is limited to the first 1 300 people who register using the links provided below. 2.4 Recordings of the workshops will be posted on the FSCA YouTube channel. Further information on how to access these recording will be provided after the workshops.
3. DETAILS OF THE WORKSHOPS 3.1 WORKSHOP 1 Topic: Discussion on the different types of irregularity reports Date: 30 November 2022 Time: 09:00 – 12:00 Contents: • Irregularity reports lodged in terms of sections 17 and 19 of the Financial Advisory and Intermediary Services Act, No. 37 of 2022 (FAIS Act) • What is a material irregularity? • When the reports must be lodged? • Who must lodge the reports? • What happens after the reports is lodged? • Implications if a report is not lodged Link: Click here to register

2 3.2 WORKSHOP 2 Topic: Funeral parlours that are FSPs: Requirements under the FAIS Act and the Long-term Insurance Act, No. 52 of 1998 Date: 7 December 2022 Time: 09:00 – 12:00 Contents: • Licensing and competency requirements in terms of the FAIS Act • Who must be registered as representatives? • Underwriting requirements • Policy administration and data requirements • Premium collection and remittance to the insurer • Financial statements and section 19(3) reports • Claims handling and payment to beneficiaries • Applicable exemptions Link: Click here to register 4. ENQUIRIES

4.1 For more information about this Communication please contact: • Ms Charene Nortier: Charene.Nortier@fsca.co.za • Ms Mpho Mashashane-Masango: Mpho.Mashashane-masango@fsca.co.za • Mr Xolani Mkumla: Xolani.Mkumla@fsca.co.za • Ms Tania Rorke: Tania.Rorke@fsca.co.za • Mr Sidwell Francis: Sidwell.Francis@fsca.co.za 4.2 This Communication is available on the FSCA’s website (www.fsca.co.za) at the following path: Home > Regulatory Frameworks > Industry Communication > FAIS > FSCA Communication. FARZANA BADAT DEPUTY COMMISSIONER FINANCIAL SECTOR CONDUCT AUTHORITY Date of publication: 17 November 2022