The retirement village sector plays a critical role in real estate in South Africa.  It services a growing market with high expectations.

It was not a slow growth; it grew substantially in a relative short space of time, with the focus on sales, client relations and operations.  This left a critical gap in terms of regulatory compliance.

Understanding the critical core competencies of regulatory compliance impacting the retirement sector is vital, which includes, but is not limited to:

  • The Estate Agency Affairs Act/ Property Practitioners Act
  • Registration with the Estate Agency Affairs Board (EAAB)
  • The Fidelity Fund & Fidelity Certificates
  • The EAAB Code of Conduct
  • Financial Intelligence Centre Act (FICA)
  • Registration with the FIC
  • Risk Management & Compliance Programmes, Client Due Diligence and Risk Assessments
  • Record Keeping
  • Reporting
  • Protection of Personal Information Act (POPIA)
  • Registering with the Information Regulator
  • Privacy Policies & Protocols
  • POPI plan for your business

Join us for a frank discussion on the compliance responsibilities in the sector.

What the Audience Can Learn

  • What each office should have in place in terms of legislated requirements.
  • Where and who should register with the various regulatory bodies.
  • What are the consequences of non-compliance?