Compliance

  • E-mail disclaimer

    Disclaimer: The information contained in this communication from the sender is confidential and is intended solely for the use by the recipients. If you are not n recipient, you are hereby notified that any disclosure, copying, distribution or taking action in relation of the contents of this information is strictly prohibited and may be unlawful.

  • Disclaimer

    Information contained on this website is provided 'as is' and without warranties of any kind, either expressed or implied. Information is updated regularly, however, due to the nature of the information, it rapidly becomes outdated. Whilst every effort is made to ensure that the information is accurate, errors and inaccuracies may occur. We, therefore, caution users to independently verify the correctness of information contained on the website and Octofin accepts no liability of any kind resulting from reliance being placed on the information on this website.

    If Octofin becomes aware of information that is inaccurate or out of date, it will use reasonable endeavors to correct it. The site may also contain links to other websites which are not under the control of, or maintained by, Octofin. Octofin shall not be responsible for, and therefore disclaims, any liability for any loss, liability, damages (whether direct or consequential) or expense of any nature whatsoever which may be suffered as a result of or may be attributable, directly or indirectly, to the use of or reliance upon any aspect of this service provided through this website.

  • Conflict of Interest Policy

    BACKGROUND

    Section 3A(2)(a) of the General Code of Conduct stipulates that every provider, other than a representative, must adopt, maintain and implement a conflict of interest management policy that complies with the provisions of the Act. The policy is to provide for mechanisms in place at Octofin Consult CC to identify, mitigate and manage the conflicts of interest to which Octofin Consult CC is a party. This Conflict of Interest Management Policy is designed as prescribed in Board Notice 58 of 2010 which amends the General Code of Conduct for Financial Services Providers and Representatives published in Board Notice 80 of 2003, as amended by Board Notice 43 of 2008.

    OBJECTIVE OF THE POLICY

    This Conflict of Interest Management Policy does not change our existing conflict of management procedures but intends to document them in simple form as required by the Financial Services Board. In terms of the Financial Advisory and Intermediary Services Act, 2002, Octofin Consult CC is required to maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to identify, monitor and manage conflict of interest. Octofin Consult CC has put in place a policy to safeguard its clients’ interests and ensure fair treatment of clients.

    All providers, key individuals, representatives, associates and administrative personnel will commit to such policy and the processes will be monitored on an ongoing basis. Octofin Consult CC keeps and maintains a register in which all actual or potential conflicts are recorded.

    MISSION STATEMENT ON CONFLICT OF INTEREST

    Octofin Consult CC is committed to ensuring that all business is conducted in accordance with good business practice. To this end Octofin Consult CC conducts business in an ethical and equitable manner and in a way that safeguards the interests of all stakeholders to minimise and manage all real and potential conflicts of interests. Like any financial services provider, Octofin Consult CC is potentially exposed to conflicts of interest in relation to various activities. However, the protection of our clients’ interests is our primary concern and so our policy sets out how:

    • we will identify circumstances which may give rise to actual or potential
      conflicts of interest entailing a material risk of damage to our clients’
      interests;
    • we have established appropriate structures and systems to manage those
      conflicts; and
    • we will maintain systems in an effort to prevent damage to our clients’
      interests through identified conflict of interest.

    READ MORE ABOUT Conflict of Interest Policy

  • Terms & Conditions

    Thank you for visiting our website. Before you continue, it is important that you read and understand the terms and conditions under which you will use the site.

    Legal & Policy

    The content of the site is owned and licensed by Octofin. Access to and use of the site is subject to these terms and all applicable laws. You are invited to browse the site for your personal information, education and communication with and about Octofin. Use of the site is free of charge.

    You are prohibited from copying, reproducing, modifying, distributing, republishing, displaying, posting or transmitting any part of the site without the written permission of Octofin. You may view or print individual pages only for own personal, non-commercial use provided you keep intact all copyright and other proprietary notices.

    Trade marks

    "Octofin" and all other names displayed on the site, whether or not appearing in large print or with the trade mark symbol (™), are trade marks of Octofin, its affiliated, related companies or its licensors or joint venture partners. You may not use these trade marks or any other material except as permitted by these terms.

    Data protection and privacy

    Octofin may use the information you provide and records of your visits to the site to constantly monitor and improve our service to you and for marketing and promotional purposes. Any details which you provide to us from which we can identify you, are held and processed in accordance with our privacy policy.

    Transmission of information

    Information transmitted via the Internet, including e-mail, is susceptible to unlawful access or monitoring. Users shall bear all risk of transmitting such information in this manner and under no circumstances will Octofin be liable for any loss, harm or damage suffered by them as a result thereof. Octofin reserves the right to request independent verification of any information transmitted via the website or e-mail.

    Limitation of liability

    This site should only be used for information purposes. It is not advice and you should not rely on it to make (or refrain from making) any decision or take (or refrain from taking) any action.

    Octofin does not guarantee that the site will operate free of error or that it is free from malicious software or any other contaminating viruses. Octofin is not liable for any damage or losses (including, but not limited to corruption or destruction of data) resulting from your use or inability to use the site.

    Should you use this site in breach of these terms you will be obliged to reimburse Octofin for any loss that you cause to us as a result of your misuse.

    Changes to the site or these terms

    Octofin may change the site or these terms at any time by posting notice of the changes on the site. If you use the site after Octofin posted the changes you will be bound by the new terms. You should therefore ensure that you read the terms each time you use the site.

    Acceptance

    These conditions become effective when you access the site for the first time and constitute a binding agreement between Octofin and yourself, which will prevail. The current version of these conditions will govern our respective rights and obligations each time you access this site.

  • Fraud

    If you suspect any fraudulent transactions within Octofin or have become aware of any possible irregularities concerning our company, please contact us anonymously at This email address is being protected from spambots. You need JavaScript enabled to view it..

  • Privacy Policy

    Keeping your financial information secure is one of our most important responsibilities. Read about how we manage the privacy and security of your personal and account information online

    Browsing our site

    You can browse our site anonymously by choosing not to provide us with any personally identifiable information, such as your name or e-mail address, during your visits to our site.

    Making the security of information a priority

    Keeping financial information secure is one of our most important responsibilities. We maintain physical, electronic and procedural safeguards to protect customer information. Appropriate employees are authorized to access customer information for business purposes only. Our employees are bound by a code of ethics that requires confidential treatment of customer information and are subject to disciplinary action if they fail to follow this code.

    Disclosing information in certain situation

    We may disclose customer information to credit bureaus and similar organizations when required or permitted by law. For example, customer information may be disclosed in connection with a subpoena or similar legal process, fraud prevention or investigation, risk management and security and recording of deeds of trust and mortgages in public records. Customer information may also be disclosed to companies that process your requests for products or services or in connection with the sale of your account to another financial institution.

  • Access to Information Act

    For assistance in requiring information from Octofin & Subsidiaries see the Information Manual prepared in terms of the Act.

  • FICA

    Financial Intelligence Centre Act (FICA), 2001

    This legislation aims to combat money laundering. Money laundering is defined as any act to hide or disguise the true source of criminally derived funds (the proceeds of a crime). This covers money or any other benefit gained from any unlawful act, which includes contravening the Exchange Control Act, or any other law or regulation.

    It imposes an obligation on an accountable institution such as Octofin to conduct our business in line with FICA, with severe penalties for non-compliance.

    This includes an obligation to know and verify the identify of clients, as well as maintaining records of all dealings with clients.

    With FICA our financial planners are under legal obligation to report any suspicious or unusual transaction to the Financial Intelligence Centre.

  • FAIS

    Financial Advisory & Intermediary Services Act (FAIS), 2002

    This act aims to offer you as the consumer far greater protection than before. It regulates the quality of financial advice, as well as the selling of financial products.

    For clients, it means that you are entitled to full transparency and disclosure of information and fees on any financial product that is sold to you.

    For Octofin, it means that we are obliged to keep proper records of all transactions and client contacts, as well as complying with legislation aimed at addressing the quality of advice that is given.

    In line with this law and to ensure that you get the best advice, Octofin and all our financial planners are licensed with the Financial Services Board (FSB), the controlling body that ensures that financial planners, advisors and brokers are properly trained to an acceptable industry standard.

    All Octofin financial planners will be able to show you a certificate of our licence on request. Our FSP licence Number is 38834 and 4932.

    In terms of FAIS, you will be requested by your financial planner to inter alia sign a mandate which will ensure that your requests are carried out in according to agreed parameters and shared understanding.