Changes to process for considering section 14 transfer applications
FSCA says enhancements to the online submission process will result in faster turnaround times.
Compliance and Legislation
New regulations on reporting the movement of money to and from South Africa
Finance minister sets the threshold above which transfers must be reported to the FIC.
Monday deadline for MBSE’s first-semester qualification intake
Set yourself apart from the crowd with an accredited qualification that is recognised by the FSCA and professional bodies.
Non-compliance with Companies Act voids an indemnity backing an insurance guarantee within a group
The board of a company must adopt a resolution to provide ‘financial assistance’, Supreme Court of Appeal finds.
Tribunal sends a warning about misusing contracts to avoid paying benefits
Labour legislation sets down the criteria that determine whether someone is an employee.
Objecting to an auto-assessment can result in ‘unexpected’ penalties
Taxpayers should take note of the period within which they must submit a full and true return or relevant material.
Two pots will add complexity to the tax treatment of retirement benefit withdrawals
Withdrawals from the savings and retirement pots will be taxed in different ways.
Changes to Trust Property Control Act may be overturned by the courts
One of the unforeseen consequences could be the premature acquisition of rights.
Reminder of looming tax deadline
Check whether you meet the definition of a provisional taxpayer.
Small FSPs concerned about cost implications of proposed cybersecurity joint standard
Regulators say the revised version takes these concerns into account.
Deadline looms for MBSE’s first-semester qualification intake
MBSE also has a wide range of courses that enable you to meet your CPD requirements.
Regulators are turning up the heat on Markus Jooste
JSE imposes fines totalling R15 million and bars Steinhoff’s former chief executive from holding office as a director.
Tribunal rules on former deVere director’s application against R2.5m fine
Can a director be held criminally liable for acts or transgressions by a company?
FIC publishes draft guides for new and amended accountable institutions
The Centre’s reference guide will also assist all accountable institutions with meeting their Fica compliance obligations.
Tribunal slashes penalties imposed on the Land Bank’s insurance companies
Prudential Authority fined them an effective R2.688m for contraventions of the Short-term Insurance Act and the Insurance Act.
The tribunal can only reconsider ‘a decision’
How does section 218 of the Financial Sector Regulation Act define what ‘a decision’ is?
What are the acceptable grounds for debarments?
A single act of dishonesty, incompetence, mismanagement or negligence may not by itself be grounds for debarment.
