M.Comm. / Financial Condition Reporting is the new proposed risk-based approach to calculating the solvency requirements of the short-term insurance companies in South Africa by the regulator, the Financial Services Board. A risk-based approach to calculating capital requirements is currently the most popular in the developed nations with the United States of America being the champion of this. Australia has implemented its own version of the risk-based capital approach and the United Kingdom has implemented ICAS which is a prelude to Solvency II to be implemented by the European Union. It is unknown how Financial Condition Reporting in South Africa will affect the levels of competitiveness of the short-term insurance industry. Qualitative study was done firstly to develop an understanding of the regulation of financial services and secondly to get an appreciation of how the regulation of financial services affects the levels of competition within the industry. Due to the fact that different people (organisations) have different views on the proposed financial reporting, qualitative data methods provide participants with an opportunity to discuss their reasons. The intention of the researcher was to get as much information as possible from the interviews and hence one of the data collection techniques employed was the use of a tape recorder.. Generally all participants indicated that Financial Condition Reporting was more than welcome in the short-term insurance industry. It was evident that this will force the board of directors of short-term insurance companies to be involved in the risk management of the organisation. In turn this will allow an in-depth understanding of the risks that the organisations are facing. i Financial Condition Reporting will certainly not come without costs; these could either be the cost of implementing the internal models as this will inevitably require the use of qualified actuaries or the capital required as dictated by the prescribed model as this is an industry average. Both costs can result in some companies merging or some being bought out and this could change the scales of competition within the short-term insurance industry.

Money Service Businesses provide people and institutions with a way to send money (remit) from one place to another. This service is most often associated with migrants, who typically wish to send money or value home. Remittances can be sent both on a domestic and on a cross-border basis. The methods used to remit money or value can be used for both legitimate and illegal purposes. The question posed by this research is whether the Money Service Businesses that operate in South Africa and provide crossborder remittance services are adequately regulated, to ensure that it is not used for the purposes of money laundering and/or terror financing. Copyright / Dissertation (MPhil)--University of Pretoria, 2010. / Accounting / unrestricted

As a medium-sized life insurance company Assupol Life provide life insurance products to clients within government departments, although the company entered the broader private market. The enactment of the Financial Advisory and Intermediary Services Act, 2002 and the Financial Intelligence Centre Act, 2001 impacted financial service providers and the research analysed the influence of regulation on managerial decision making, marketing and sales, finance, human resources, training and the structures within the organisation to comply with the legislation. The study endeavoured to determine the influence of regulation on the company and the measures implemented by the management of Assupol Life. The research results confirmed that the primary challenge faced by the company is to find a balance between compliance, managing human capital and creating value for shareholders. The major impact of the legislation involves the human resource- and training functions and the study illustrated that other influences was less severe. / Business Administration / M. Tech. (Business Administration)

As a medium-sized life insurance company Assupol Life provide life insurance products to clients within government departments, although the company entered the broader private market. The enactment of the Financial Advisory and Intermediary Services Act, 2002 and the Financial Intelligence Centre Act, 2001 impacted financial service providers and the research analysed the influence of regulation on managerial decision making, marketing and sales, finance, human resources, training and the structures within the organisation to comply with the legislation. The study endeavoured to determine the influence of regulation on the company and the measures implemented by the management of Assupol Life. The research results confirmed that the primary challenge faced by the company is to find a balance between compliance, managing human capital and creating value for shareholders. The major impact of the legislation involves the human resource- and training functions and the study illustrated that other influences was less severe. / Business Administration / M. Tech. (Business Administration)