When the new anti-money laundering provisions take effect
Proclamation Notice sets the commencement dates for the sections that amend five Acts of Parliament.
FSCA licenses most crypto provider applicants – as enforcement tightens
The rising number of investigations and inspections underline a shift from registration to active supervision.
SA’s bid to avert being grey-listed: what happens next?
National Treasury-led delegation will have a face-to-face meeting with the Financial Action Task Force
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.
Changes to SA Reserve Bank’s mandate back on the table
ANC resolves the central bank should support the economy through providing solutions to unemployment.
The tribunal can only reconsider ‘a decision’
How does section 218 of the Financial Sector Regulation Act define what ‘a decision’ is?
Ruling on Old Mutual’s application to appeal R1.7bn Living Hands judgment
Outcome will have significant implications for the financial services industry.
Conduit Capital selling life and health insurance business so it can stay afloat
Liquidation of Constantia Insurance Company has affected the group’s ancillary insurance businesses.
Store consultant’s relationship to the insurer proves decisive in ombud’s ruling
Claim was rejected because the phone was not used with the SIM card encoded with the number listed on the policy schedule.
Golfer lands in the rough with hole-in-one insurance claim
The insured submitted that, in terms of the policy, he was entitled to the maximum indemnity.
What are the acceptable grounds for debarments?
A single act of dishonesty, incompetence, mismanagement or negligence may not by itself be grounds for debarment.
Beneficiary nomination updates and crypto assets in a will
New trends call for new requirements. Help your clients to fulfil their wishes when the time comes.
Anti-grey-listing laws get through Parliament just in time
But amending legislation won’t be enough to satisfy the Financial Action Task Force.
Two important reminders for 2023
Set yourself apart from the crowd with an accredited qualification from MBSE.
Deadline for crypto asset FSPs to complete FSCA questionnaire
The Authority wants to get a better understanding of the conduct risks related to crypto activities.
FSP debarred for allowing unlicensed FSP to operate under his licence
This case sends a serious warning to those who allow “spotters” to work under their licence.
FSCA sanctions Stringfellow after investigation into investment scheme
Debarred for 20 years and total fines of R35 million
Debarment where the relationship is governed by a franchise and an adviser agreement
Tribunal draws attention to the effect of selling the franchise house business on the financial adviser agreement.
