The proposed regulations on processing health and sex life data introduce consent and assessment requirements for, among others, insurers, medical scheme administrators, and retirement funds.
The Constitutional Court has struck down parts of the Basic Conditions of Employment Act and UIF Act, finding that current provisions unfairly discriminate between mothers, fathers, and adoptive and surrogate parents.
The Tribunal says that even informal communications qualify as regulated advice if they involve financial recommendations.
The Authority will host virtual workshops and tailored sessions with industry stakeholders, who have two months to comment on the draft Return.
While submissions of the mandatory Risk and Compliance Return improved over the past year, 30% of institutions targeted by the FIC’s directives had not complied by March 2025
Requests for reports from the FIC rose by 17% in 2024/25, reflecting the FATF’s pressure on South Africa to strengthen its anti-money laundering efforts.
Unpaid contributions rose to R7.29bn, and 62% of delinquent employers are in the motor and private security sectors, according to FSCA data.
Commissioner Unathi Kamlana is confident that within two years, arrears could be far less of a systemic problem.
The OPFA says it needs to take on more staff to handle the significant increase in the number of complaints.
The Tribunal confirms Assupol’s decision to debar a representative after forensic evidence showed he advised on life policies while unauthorised.
Fraud victims have two distinct remedies: criminal-law-driven asset forfeiture via the Prevention of Organised Crime Act and civil liquidation proceedings under the Companies Act.
The FSCA found both firms lacked effective risk management capabilities, including deficient RMCPs, poor customer due diligence, and failures to screen against the sanctions lists.
The evidence accumulated by Momentum supported its finding that the agent lacked honesty and integrity.
A proposed amendment to the Income Tax Act will tax unit trust investors on capital distributions before disposals, without any base cost offset.
The proposed amendments will also see increases in the Tribunal levy and the FAIS Ombud’s charge per KI/representative.
Financial institutions subject to Joint Standards 1 of 2023 and 2 of 2024 are asked to provide feedback by 5 October 2025.
Sixty-year-old legislation continues to bind litigants to physical processes, even as remote work and electronic communication have become the norm.
