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Motor Compliance & Risk Specialists

As if it’s not hard enough to move metal off your floors, you also need to adhere to various pieces of legislation, and juggling these balls has proven to be more difficult than you realised. Need help? Done!

Learn more

Motor Compliance & Risk Specialists

As if it’s not hard enough to move metal off your floors, you also need to adhere to various pieces of legislation, and juggling these balls has proven to be more difficult than you realised. Need help? Done!
Learn more

OUR SERVICES

Compliance Monitoring

It is important that every Dealership that is in possession of an FSP license ensures that it has governance policies and procedures that comply with the FAIS fit and proper requirements and that its Key Individuals and F&Is comply with the regulatory demands applicable to the functions that they perform.

Non-compliance, whether innocent or otherwise, is likely to attract regulatory sanction and reputational damage.

As Motor Compliance and Risk Management Specialists, our role, in monitoring every aspect of the business, is to act as the dealership’s Dealer Groups principal advisor specifically highlighting its compliance duties and obligations relating to insurance laws and guiding it through that minefield.

What makes us stand out from other compliance practices is our superior knowledge of the motor industry.

F&I Management

Our service perfectly suits the Dealership that employs F&I’s but does not want to be an FSP or a Juristic Representative.

This is the dealership that wants to concentrate solely on selling its vehicles and not waste quality sales time on managing regulation. Yet the importance of second gross income is growing by the day, and income from this secondary source is crucial to a healthy balance sheet.

The service that we provide ensures that all commissions and margins generated by the F&Is goes directly to the dealership, and at the same time removing all its FSP responsibilities.

No more FSP, no more Juristic Representative and no more demands from the financial services regulator.

We’ll take care of your Motor Industry compliance.

Risk Consultancy

Our function is to solve problems arising from financial services regulation.

Usually, in the motor sector, this revolves around business modelling and services to be rendered. A motor dealership knows how to sell its vehicles, knows the obstacles and challenges that it faces daily and is familiar with the ups and downs in the South African economy.

But in terms of second gross incomes, the regulatory challenges are formidable and often unknown. We know what they are, and we know how to overcome them. Whether the solution requires new policies or processes, different products, or a full review of a dealership’s approach, we have the answer.

CPD

Key individuals and F&Is require a certain amount of development activity to be carried out and documented each year as a condition for maintaining registration with the financial services regulator.

The CPD that we provide has been developed by our own internal experts, is affordable and user friendly. But more importantly it is specific to the motor industry.

It is available 24 hours each day and throughout the year. As an online facility, there is no reason why any productive time should be lost.

OUR SERVICES

Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists

Compliance Monitoring

It is important that every Dealership that is in possession of an FSP license ensures that it has governance policies and procedures that comply with the FAIS fit and proper requirements and that its Key Individuals and F&Is comply with the regulatory demands applicable to the functions that they perform.

Non-compliance, whether innocent or otherwise, is likely to attract regulatory sanction and reputational damage.

As Motor Compliance and Risk Specialists, our role, in monitoring every aspect of the business, is to act as the dealership’s Dealer Groups principal advisor specifically highlighting its compliance duties and obligations relating to insurance laws and guiding it through that minefield.

What makes us stand out from other compliance practices is our superior knowledge of the motor industry.

Motor Compliance and Risk Specialists
Motor Industry Compliance

F&I Management

Our service perfectly suits the Dealership that employs F&I’s but does not want to be an FSP or a Juristic Representative.

This is the dealership that wants to concentrate solely on selling its vehicles and not waste quality sales time on managing regulation. Yet the importance of second gross income is growing by the day, and income from this secondary source is crucial to a healthy balance sheet.

The service that we provide ensures that all commissions and margins generated by the F&Is goes directly to the dealership, and at the same time removing all its FSP responsibilities.

No more FSP, no more Juristic Representative and no more demands from the financial services regulator.

We’ll take care of your Motor Industry compliance.

Motor Compliance and Risk Specialists

Risk Consultancy

Our function is to solve problems arising from financial services regulation.

Usually, in the motor sector, this revolves around business modelling and services to be rendered. A motor dealership knows how to sell its vehicles, knows the obstacles and challenges that it faces daily and is familiar with the ups and downs in the South African economy.

But in terms of second gross incomes, the regulatory challenges are formidable and often unknown. We know what they are, and we know how to overcome them. Whether the solution requires new policies or processes, different products, or a full review of a dealership’s approach, we have the answer.

Motor Compliance and Risk Specialists

CPD

Key individuals and F&Is require a certain amount of development activity to be carried out and documented each year as a condition for maintaining registration with the financial services regulator.

The CPD that we provide has been developed by our own internal experts, is affordable and user friendly. But more importantly it is specific to the motor industry.

It is available 24 hours each day and throughout the year. As an online facility, there is no reason why any productive time should be lost.

LATEST ARTICLES

Principles based regulation – do we know how it will work?

Principles based regulation – do we know how it will work?

We have been well informed by the Financial Sector Conduct Authority (FSCA) that the financial services Regulation will be ‘Principles based’ rather than the current ‘rules based’. But do we know what that entails? What we do know is that it relates to treating...

read more
UMAs – Cancelling or transferring a book of business

UMAs – Cancelling or transferring a book of business

Although underwriting managers (UMAs) and brokers are considered to be intermediaries in terms of the FAIS Act, they have very different roles. When a broker cancels a policy or transfers a book of business from one insurer to the other, the broker is acting on behalf...

read more
Tier 2 Insurance Products – yesterday, today and tomorrow

Tier 2 Insurance Products – yesterday, today and tomorrow

Although assistance insurance products (particularly funeral) have been around for a long time, the first we heard of ‘simplistic’ or ‘less-sophisticated’ general products, which the FSCA now refers to as ‘tier 2’ products, was back in 2005 although the FAIS Regulator...

read more

Our People

ACM has a team of diverse and experienced Compliance and Risk Officers with specialist expertise in our respective field of practice.

Complaints

We are committed to customer service and in treating our customers fairly. If you have any complaints or concerns relating to the service, client interaction or administrative matter you want to raise, please submit your complaint in writing.

SOME OF OUR CLIENTS

Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists
Motor Compliance and Risk Specialists