SCA settles conflicting views on jurisdiction for ‘shortfall’ claims
The SCA rules that section 127(8) of the NCA empowers Magistrates’ Courts to hear these claims, but it does not bar High Court proceedings.
Compliance and Legislation
Fund rules prevail over ‘informal understanding’ in contribution dispute
The Tribunal says membership could end only in accordance with the fund’s rules, and WhatsApp exchanges did not amount to a valid withdrawal.
Code will change how estates and office parks handle visitor data
The Code emphasises proportional information processing in gated environments and aims to standardise lawful access-control practices.
Foreign vehicles face new SARS border declaration rules
Foreign-registered vehicles entering or leaving South Africa will have to be declared on the Traveller Management System from 1 June.
FIC opens portal for submission of risk and compliance returns
The specified accountable institutions have until 30 June or 31 July to complete and submit their RCRs.
SARS publishes tax filing deadlines for 2026
The Notice also sets out who does and does not have to submit a tax return.
Are you a credit provider? Moonstone webinar explains what the RCR requires
Attend this practical session on PCC 23A, Directive 11, and the steps needed to submit a complete and defensible return.
PA publishes revised public disclosure standard for insurers
The revised draft standard sets out detailed qualitative and quantitative public disclosure requirements and is open for comment.
Earnings threshold changes from 1 May – who gains and who loses protections
The threshold determines access to key labour protections, with changes affecting working conditions, contract status, and how disputes are resolved.
SARS says poor employer data is disrupting auto-assessments
As third-party submissions open, SARS urges employers to file early and accurately or risk triggering errors, delays and taxpayer verifications.
Direct marketers on notice as CPA spam rules become law
Consumers can now block unsolicited marketing through a national registry, with strict new rules and penalties for marketers who fail to comply.
New regulations will bring crypto into exchange control framework
National Treasury releases the draft Capital Flow Management Regulations to replace the Exchange Control Regulations.
Tribunal clarifies limits on investor challenges to FSCA in curatorship case
The dismissal of a reconsideration application by CMM investors underscores that only direct legal rights – not indirect financial interests – confer standing under the FSRA.
SARB finalises Budget-linked exchange control reforms
The final circulars implement the March proposals, with only targeted technical refinements following the consultation process.
New rules reshape how foreign funds access SA investors
The determination introduces a more structured approval framework for offshore funds, while expanding supervisory discretion and replacing BN 257.
Undisclosed referrals to a competitor FSP lead to debarment
Reconsidering the matter after a High Court remittal, the Tribunal finds the referral activity failed the fit and proper test.
South Africans living abroad can no longer ignore the AIT process
Banks are already acting on the updated exchange control requirements, and transfers without an AIT certificate may be frozen.
