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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The Financial Sector Conduct Authority (FSCA) imposed an administrative penalty of R100 000 on a division of a leading bank for failing to meet a licence condition. The company was granted a licence […]
The Financial Sector Conduct Authority (FSCA) imposed an administrative penalty of R100 000 on a division of a leading bank for failing to meet a licence condition. The company was granted a licence […]
Part of the mandate of the FSTC is to both drive and measure transformation against the backdrop of the set Financial Sector Code targets. This is done annually through a report which is […]
Part of the mandate of the FSTC is to both drive and measure transformation against the backdrop of the set Financial Sector Code targets. This is done annually through a report which is […]
Background The FSCA website, on its Enforcement Actions page, shows a huge array of fines, ranging from R161 million to as little as R18 000. In 2013, we took up the issue of how […]
Background The FSCA website, on its Enforcement Actions page, shows a huge array of fines, ranging from R161 million to as little as R18 000. In 2013, we took up the issue of how […]
Tesla CEO Elon Musk, who has been a big supporter of cryptocurrencies, implied in a Twitter exchange on Sunday afternoon that the electric vehicle maker sold or may sell the rest of its […]
You have only 18 days left as we approach the end of the Continuous Professional Development (CPD) cycle and the deadline for the Financial Advisory and Intermediary Services (FAIS) CPD, which is 31 […]
The Protection of Personal Information Act (PoPIA) comes into full effect from 1 July 2021. This date should come as no surprise to anyone or any business as many Sections of the Act […]
Regulations regarding taking retirement funds out of the country when you emigrate changed from 1 March 2021. These changes affect people who have certain types of retirement funding, such as retirement annuities and […]
Towards the end of April 2021, Finance Minister Tito Mboweni published the Annual Policy Benefit Escalations regarding the Demarcation Regulations, regulated under section 72 of the Long-term Insurance Act and section 70 of […]
“In anticipation of public hearings on the 2020 Financial Sector Laws Amendment Bill and Pension Funds Amendment Bill, written submissions are sought by 17 May. With public hearings on the Fiscal Responsibility Bill […]
“In anticipation of public hearings on the 2020 Financial Sector Laws Amendment Bill and Pension Funds Amendment Bill, written submissions are sought by 17 May. With public hearings on the Fiscal Responsibility Bill […]
A FSCA media release on 15 October 2020 contained details of the withdrawal of an FSP licence, the debarment of the sole director, key individual and representative for 10 years as well as […]
A FSCA media release on 15 October 2020 contained details of the withdrawal of an FSP licence, the debarment of the sole director, key individual and representative for 10 years as well as […]
The summary dismissal of a complaint by the FAIS Ombud was overturned by the Financial Sector Tribunal in a decision published on 30 April 2021. The complaint was dismissed by the Ombud in […]
