New MBSE course will teach you the skills to become an entrepreneur
The key to being a successful entrepreneur is to do what you’re truly passionate about.
Author: Mark Bechard
Funeral intermediary in provisional liquidation over unpaid premiums
In response, Prosper says various factors that contributed to the dispute have not received the required consideration.
Tribunal slashes penalties imposed on the Land Bank’s insurance companies
Prudential Authority fined them an effective R2.688m for contraventions of the Short-term Insurance Act and the Insurance Act.
The tribunal can only reconsider ‘a decision’
How does section 218 of the Financial Sector Regulation Act define what ‘a decision’ is?
What are the acceptable grounds for debarments?
A single act of dishonesty, incompetence, mismanagement or negligence may not by itself be grounds for debarment.
Tribunal rules in ‘reckless lending’ case against Direct Axis, FirstRand Bank and Sanlam Personal Loans
Summit claims ‘routine’ abuse of the exception to the Minimum Expense Norms table when assessing whether consumers can afford credit.
Family goes to court after deceased’s life partner gets 100% of RA benefit
High Court considers the extent of the retirement fund’s investigation into the dependants.
High Court considers the meaning of ‘sudden’ in R7m liability claim
Transnet took Santam to court to recover the costs of rehabilitating soil contaminated after thieves broke into a fuel pipeline.
Unemployed trader applies to tribunal to have penalties reduced
The FSCA had already reduced the penalties and dropped the intention to debar for 10 years.
Nampak pension fund vs Nampak provident fund over members’ share of surplus accounts
Financial Services Tribunal considers the Adjudicator’s powers relating to section 14 transfers
FAIS Ombud told to reconsider complaint against Old Mutual for rejecting liability claim
Tribunal was ‘not afforded the courtesy’ of an explanation for the ombud’s failure to respond to questions from the deputy chairperson.
Conclusions depend on the facts of each case, says FST as it sets aside determination for the third time
Tribunal repeats its previous ‘recommendation’ that the FAIS Ombud obtain oral and expert evidence to resolve the disputes of fact.
Will your business be an accountable institution from 19 December?
Stringent compliance obligations await if it is, but there’ll be a transitional period for new sectors.
Ombud’s facts and findings don’t add up, says tribunal in setting aside property syndication determination
Referring clients to another broker does not constitute advice for the purposes of the FAIS Act.
How the FSCA decides on the size of an administrative penalty
And how the Financial Services Tribunal assesses whether the fine was appropriate.
Conduct standard on reporting obligations relating to retirement fund contributions due to take effect in February
It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.
FAIS Ombud’s office releases its 2021/22 report
Eight interesting things, including an update on long-standing property syndication complaints.
