Unnoticed changes to documents crucial to BI dispute between mall owners and insurers
The contract went through 10 iterations between July 2019 and March 2020, with the term ‘infectious and contagious diseases’ variously in or out.
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read moreThe contract went through 10 iterations between July 2019 and March 2020, with the term ‘infectious and contagious diseases’ variously in or out.
The applicant only became aware in May last year that the decision to debar her constituted administrative action.
SARS responds to reports of hackers accessing practitioners’ eFiling profiles, removing clients, and changing banking details.
The onus lies with the FSP to prove the facts it relies upon to debar its representative on a balance of probabilities.
Over half of the awards issued by the Pension Funds Adjudicator for complaints about unpaid contributions were affected because part of the claim had expired.
The Authority responds to media statements by entities claiming to be the first or only licensed institutions.
The ‘travel rule’ means CASPs and FSPs cannot initiate a crypto asset transfer unless they can transmit prescribed information.
The ruling makes the Tax Courts more accessible, but there are risks to taking on SARS without a qualified and experienced legal representative.
The FSCA found that Shoayb Joosub offered financial services to about 270 Sukuk clients through Anglorand Islamic without being authorised as a representative.
Once the draft amendments to the Money Laundering and Terrorist Financing Control Regulations are enacted, failure to submit the required Cash Conveyance Report could lead to imprisonment for up to 15 years or fines of up to R100 million.
Medsafu’s letters alerted the applicant that the outcome of the process may include debarment, the Tribunal finds.
A missing person’s affairs are in legal limbo until a death certificate is issued or the High Court makes a presumption of death declaration.
A failure to comply with specific BEE thresholds outlined in transformation plans could lead to the Authority withholding licences.
Nirvesh Financial Services was also penalised for failing to ensure that its representatives, Veracity and its directors, complied with the applicable laws.
Investors were promised returns of up to 400%, but there was no legitimate financial product or investment activity, the FSCA says.
The Authority will deem financial statements and other reports as outstanding until they are correctly captured and submitted on the FAIS e-Portal.