Compliance and Legislation – Page 55 – Moonstone Information Refinery

Timur Turlov on chess, investing, and why South Africa matters

And how the Financial Services Tribunal assesses whether the fine was appropriate.

It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.

Anyone registered as an estate agent before February 2022 will remain an accountable institution.

These include delays with funeral policy claims, advice to clients who buy living annuities, and insurance policy disclosures.

Meanwhile, the High Court dismisses Trustco’s bid to have the FST’s November 2021 decision reviewed and set aside.

Opposition parties criticise rushed process and impact on NGOs.

Attendance is limited to the first 1 300 people who register.

The Adjudicator also failed to apply the Pension Fund’s Act prescription provision correctly, tribunal says.

Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.

High Court weighs witnesses’ testimony to decide whether a husband did, in fact, predecease his wife and beneficiary.

It says an entity tasked with safeguarding fundamental rights should be directly accountable to Parliament, not the executive.

Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?

Companies that incur finance charges should also take note of a recent court case regarding the tax treatment of related or similar finance charges.

Trust practitioners are not happy that Treasury ‘ignored’ their proposals to undo the ‘devasting effects’ of the legislation.

FSCA proposes consolidated prudential standard for financial reporting requirements.

It also clarifies the relationship between the courts’ findings and the reconsideration application.

The amendments to regulation 28 of the Pension Funds Act take effect on January 3.