Schedule 1 of the FIC Act was rewritten in 2022. Work out whether your brokerage is an accountable institution, and the duties that bind you either way.
What the FAIS CPD cycle asks of a small South African brokerage: six, twelve or eighteen hours, what actually counts, and the competence register deadline.
Commission is capped at 12,5% on motor and 20% elsewhere. When a South African brokerage may charge a fee on top, how to agree it, what to keep on file.
Signing the sale agreement is the easy part. Three separate transfers have to land before the first renewal, and only one of them is about money.
A new adviser joins on Monday and clients message on Monday. The FAIS competence deadlines from day one, and how to hand over WhatsApp access safely.
A resignation takes hundreds of client threads out of the building. What FAIS, POPIA and Meta actually allow you to recover, and the handover to run.
