Fees in separate agreements between a service provider and consumers are not automatically illegal, provided they are kept separate from the fees regulated under the credit provider’s agreement.
With 748 applications approved and only 98 pending, the Authority says it’s on track to finalise all outstanding matters by the end of the week.
An Interpretation Note provides clear guidelines on when a practitioner can be prohibited from registering or deregistered due to non-compliance.
The exemption will apply pending the finalisation of the consultation process on the draft amendments to Conduct Standard 1.
The judgment shows that ‘reasonable apprehension’ can tip the scales in favour of enforcing trade restraints and confidentiality agreements.
Entities supervised by the FSCA are in for an increase of 6%.
The judgment clarifies aspects of the FAIS Act, particularly regarding the nature of ‘advice’ and ‘intermediary services’.
Commentators did not raise any significant concerns in their responses to the draft conditions, the FSCA says.
A request for a tax directive will be declined if a member is not a registered taxpayer or has outstanding returns.
Members should find out whether they will be eligible to withdraw money from their savings components.
One of the entity’s Facebook posts says it can turn R1 700 into R120 000.
FAIS Notice 25 of 2023 exempts crypto asset FSPs and KIs from the regulatory examination requirements for 18 months.
The Financial Intelligence Centre sets out legal practitioners’ obligations under the FIC Act.
The Office has sorted out the ‘embarrassing’ backlog of cases John Simpson inherited and has set timeframes for resolving complaints.
The amendments will relieve offshore companies from VAT registration when supplying services to domestic vendors, aligning SA with global best practice.
If a fund cannot follow the standard allocation methods, it must apply for FSCA approval to use an alternative, reasonable method.
Sperm does not a father make and being a biological parent does not confer absolute rights, according to a ruling by the Pension Funds Adjudicator.
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