The new Rules also incorporate the proposal to raise the Ombud’s jurisdictional limit from R800 000 to R3.5 million.
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An FSCA Press Release on 15 June 2021 addresses the occurrence of inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because […]
In an article titled Expert slams newly-enacted Cybercrimes Act, Legalbrief today reports as follows: An expert has slammed the newly-enacted Cybercrimes Act, saying that jailing and fining Internet users for, among other things, […]
The Intergovernmental Fintech Working Group (IFWG) has published a position paper on crypto assets. In 2014, the National Treasury issued a cautionary note, warning the public about the risks associated with the use […]
The General Code of Conduct was significantly amended in June 2020. This is particularly true of Section 17 which requires the establishment of a complaints management framework. Most of the new requirements had […]
The General Code of Conduct was significantly amended in June 2020. This is particularly true of Section 17 which requires the establishment of a complaints management framework. Most of the new requirements had […]
The recently updated Financial Services Tribunal Consolidated Rules contain the following stipulations regarding time frames: An application for reconsideration must be made: if the applicant requested reasons in terms of section 229 of the […]
The recently updated Financial Services Tribunal Consolidated Rules contain the following stipulations regarding time frames: An application for reconsideration must be made: if the applicant requested reasons in terms of section 229 of the […]
The protection of Personal Information Act (POPIA) is looming large on the horizon, and privacy governance is about to become an integral part of the way we do business. Prior to this, the […]
Board Notice 92 of 2014 requires that a manager must obtain a signed application form or a contract from an investor. However, it is silent on the format or form that such a […]
There can be little doubt that the Financial Sector Tribunal has made a huge difference in the industry as far as bringing legal certainty in an environment where the small guys and girls […]
There can be little doubt that the Financial Sector Tribunal has made a huge difference in the industry as far as bringing legal certainty in an environment where the small guys and girls […]
An interesting recent finding by the Financial Sector Tribunal sheds some light on how sec 14(5) of the Financial Sector Regulation Act 9 of 2017 should be interpreted. The applicant applied for the […]
Regular readers will know that I have expressed my frustrations in the past with people who approached the Financial Sector Tribunal for leniency despite being blatantly dishonest. A recent decision by the Tribunal […]
A recent Financial Sector Tribunal decision raised two very interesting perspectives on when dishonesty should not be used as grounds for debarment. Case number one The debarment was based on a finding that […]
It was quite interesting to see a South African regulator take on an international giant like Whatsapp, setting out its terms for implementation of what appeared to be a very highhanded approach to […]
It was quite interesting to see a South African regulator take on an international giant like Whatsapp, setting out its terms for implementation of what appeared to be a very highhanded approach to […]
