FSCA proposes amending the conditions for section 14 transfers
The draft amendments address the misalignment between the current prescribed section 14 application forms and the upcoming two-pot regulations.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe draft amendments address the misalignment between the current prescribed section 14 application forms and the upcoming two-pot regulations.
The decision clarifies the boundaries and regulations concerning reinsurance business conducted through cell captive structures.
The Authority instructs Hernell Funerals to cease operating as an unauthorised FSP and insurer.
A recent amendment means members of private or public companies who fail to prevent their ‘associates’ from participating in corruption will face liability.
The 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.