Lockdown impact on Licensing and Business Centre operations – FSCA communique
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
FSCA
Lockdown impact on Licensing and Business Centre operations – FSCA communique
The services of the FSCA’s Licensing and Business Centre will continue to operate – Click here to view the available support during lockdown.
FSCA provides clarity on REs – Impact of COVID-19 on regulatory requirements
In the midst of individuals scurrying around, trying to understand how the 21 day lockdown will impact on them, the FSCA provided guidance on various arrangements in respect of submission of statutory returns and fit […]
Impact of COVID-19 on regulator – FSCA announces precautionary measures
The Financial Sector Conduct Authority (FSCA) has announced that it will be taking precautionary measures in the interest of containing the COVID-19 pandemic, to protect their staff, the sector and to support Government […]
Impact of COVID-19 on regulator – FSCA announces precautionary measures
The Financial Sector Conduct Authority (FSCA) has announced that it will be taking precautionary measures in the interest of containing the COVID-19 pandemic, to protect their staff, the sector and to support Government […]
The FSCA regulatory landscape – Understanding its jurisdictional challenges
The FSCA has just released its Perimeter Report of 2020, a report that identifies activities that are testing the FSCA’s regulatory perimeter, that boundary that separates regulated and unregulated activities. This has been […]
FSCA correspondence – Regulator warns against false communication
A number of new scams, spoofing communication that appears to be from various institutions, have been doing the rounds. In a recent FSCA media release, the Financial Sector Conduct Authority (FSCA) warns the […]
Fintech update – FSCA mapping the current landscape
SA has a small but fast-growing fintech industry, presenting considerable benefits and risks. As a result, regulators need an understanding of the fintech landscape in South Africa in order to manage risks in […]
Important FSCA discussion documents published in December
True to form, the FSCA published a number of very important documents for public comment towards the end of 2019. We publish a summary of these documents below which we will discuss in […]
FSCA fines Channel Life – Runners not licensed and funeral benefits underpaid
The Financial Services Conduct Authority has imposed an R550 000 penalty on insurer Channel Life for not properly registering intermediaries who collected insurance premiums on its behalf, and for not paying out sufficient […]
FSCA fines Channel Life – Runners not licensed and funeral benefits underpaid
The Financial Services Conduct Authority has imposed an R550 000 penalty on insurer Channel Life for not properly registering intermediaries who collected insurance premiums on its behalf, and for not paying out sufficient […]
First FSCA Annual Report – Smooth transition from FSB to FSCA
“It is encouraging to see that the FSCA has made progress in its first year of existence, as evidenced in the pages of this annual report. The performance recorded herein demonstrates that the […]
FSCA warnings – Stay abreast to advise clients
The FSCA often publishes media releases to warn the public against dubious service providers in the financial services industry. A recent example concerned a formal investigation into the activities of a company called […]
FSCA warnings – Stay abreast to advise clients
The FSCA often publishes media releases to warn the public against dubious service providers in the financial services industry. A recent example concerned a formal investigation into the activities of a company called […]
FSCA News: Website down as a result of maintenance
There will be planned maintenance of ICT systems, starting on Friday 13 September 2019 at 17:00, until Sunday 15 September 2019 at 20:00. This means that all ICT services, including the FSCA website, will not be accessible […]
Tribunal again rules against FAIS Ombud
Last Monday we published an article on the outcome of a FSCA Tribunal hearing with the following introduction: “The findings of a hearing by the FSCA Tribunal in the Van Zyl case heard […]
FSCA Tribunal orders FAIS Ombud to reconsider determination
The findings of a hearing by the FSCA Tribunal in the Van Zyl case heard on 25 June 2019 should result in serious introspection by the office of the FAIS Ombud. Whilst not […]
