Annexure 2.2

Compliance with Changes in Legislation – August 2016:Timing Outline

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Time

Registration and tea

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30 min

Fasset Update from a Fasset Representative

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20 min

Session 1 / 70 min
From 8:50 to 10:00
Session 2 /

65 min

From 10.10 to 11:15
Session 3 /
70 min
From 11:45 to 12:55 /
Closure /
5 min

The following topics will be addressed:

Amendment to existing Acts

Reporting obligations for general businesses, persons, accountable institutions and reportable institutions

  • The impact of the new Financial Intelligence Centre Bill that was tabled at the beginning of June 2016 on general businesses, accountable institutions and reportable institutions
  • Prevention and Combating of Corrupt Activities Act
  • The Prevention of Organised Crime Act (POCA), 1998, impacted by the Criminal Matters Amendment Act of 2015
  • Protection of Constitutional Democracy Against Terrorists and Related Activities Act (POCDATARA)
  • Latest Financial Intelligence Centre Guidance Notices

The National Credit Act

  • The National Credit Act, 2005 (Act No. 34 of 2005) has been amended by Government Gazette 37386, Notice No. R. 144 – Effective from 13 March 2015
  • New registration requirements and the impact of this on credit providers and credit consumers
  • New interest rate caps on credit. How will this affect the credit industry?

Consumer Protection Act

  • The new Consumer Goods and Services Ombud
  • Registration requirements and fees payable
  • Participant obligations
  • The complaint process available to consumers who are dissatisfied with goods or services received.

Financial Advisory and Intermediary Services Act

  • Including latest amendments

Protection of Personal Information Act No. 4 of 2013

  • Where are we in the process and the way forward?
  • Implementation guidelines

Newly released Acts

  • Employment Services Act 4 of 2014

Company secretarial

  • CIPC – Practice Guideline on how to report a reportable irregularity to CIPCi.t.o. the Independent Review process
  • Rotation of auditors
  • Disclosure of director’s/prescribed officers remuneration
  • Annual returns
  • Non/late submission of annual financial statements
  • Consequences for failure to amend the MOI of a company

Forthcoming attractions

  • The Community Schemes Ombud Services Act
  • Unemployment Insurance Amendment Bill Version B 2015
  • Labour Law Amendment Act: Paternity leave for men
  • King IV report on Corporate Governance

Other important notices

  • More information about the Special VDP on Offshore assets and Income
  • Estate Agents regulations

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