Authority releases report on fines, debarments, investigations, and licence suspensions and withdrawals in 2023/24.
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The Momentum/Ganas case, which caused a public outcry in November last year, was one of the matters discussed in the Long Term Ombud’s Annual report. According to Ron McLaren, Long Term Ombud, there […]
According to Pam Saxby of Legalbrief Policy Watch, the FSCA has called for input by 21 June 2019 on proposed levies for the 2019/20 financial year to be imposed on a raft of affected institutions. […]
Members of umbrella retirement fund solutions will be able to assess the total impact of charges on their individual retirement benefits from next year October, when members of the Association for Savings and […]
Yesterday, the world’s largest and oldest ultramarathon race took place. After months of preparation, runners from around the world embarked on the 89 kilometre Comrades Marathon. And what a race it was. Local […]
Last week the FSCA published FSCA Communication 2 of 2019 to provide further guidance to FSPs, key individuals and representatives regarding compliance with the continuous professional development requirements. The communication also included questions […]
The last week of May 2019 will be remembered for three things by South Africans. Firstly the rush and urgency by FSPs, key individuals and representatives to ensure that they were compliant with […]
The FSCA has just published PFA exemption notice no. 3 of 2019 that exempts certain funds from the requirements of sections 9a and 16 of the Pension Funds Act. What does the PFA […]
“We received 11 768 written requests for assistance, including 5 978 chargeable complaints. In total, 3 367 cases were finalised, of which 31.5% were resolved wholly or partially in favour of complainants”, Judge […]
The FSCA has published the following exemption on its website: The Exemption from Continuous Professional Development Requirements, 2019 – No 2 of 2019 The purpose of the Exemption is to allow financial services providers, key individuals […]
Communication plays an important role in the fundamental operation of a society. It links people and businesses, facilitating communication and the flow of ideas and information and coordinating economic activities and development. The […]
The Conduct of Financial Institutions Bill (COFI) intends to regulate how the financial services industry treats its customers. The Bill was published by the Minister of Finance in December 2018 and was open for […]
“By exercising vigilance and following security best practices, users and organisations can take measurable steps in protecting themselves against some of the industries’ most common attacks.” Tweet by The Insurance Crime Bureau, May 21, […]
The publication of the FSCA’s FAIS Notice 35 of 2019 triggered a few questions in the industry. The FAIS Notice states that “FSPs, key individuals and representatives who are members of foreign professional […]
In an article in April we recapped the main qualification requirements based on Board Notice 194 of 2017. Depending on the financial product/s which financial advisors are authorised for, new entrants to the […]
The Ombud for Short Term Insurance’s mission is to resolve short term insurance complaints fairly, efficiently and impartially. How did they perform in 2018? How many complaints were received? The Ombudsman just released […]
The Ombudsman for Banking Services (OBS) published its annual report, showing an increase in the number of complaints received. According to Chairman, Advocate John Myburgh, the statistics for 2018 demonstrate that the need […]
