The Authority says the penalties reflect the financial benefit gained from unlawful conduct and the harm to clients – handing 30-year debarments to several Banxso executives.
“With renewed lockdown measures, the return of load shedding, mounting debt and shattered confidence, the outlook for 2021, with a few exceptions, is bleak,” according to Ed Stoddard of Business Maverick. He recently […]
“The share prices of financial services company Sygnia and asset manager Ninety One staged the most robust rebounds among the major JSE-listed asset managers last year,” according to a Citywire comparison of the share […]
“The share prices of financial services company Sygnia and asset manager Ninety One staged the most robust rebounds among the major JSE-listed asset managers last year,” according to a Citywire comparison of the share […]
The introduction of “execution of sales” as a method of making financial products accessible to the lower income section of the population may have arisen from noble intentions, but like the expression says, […]
The introduction of “execution of sales” as a method of making financial products accessible to the lower income section of the population may have arisen from noble intentions, but like the expression says, […]
Technology is a major tool for the dissemination of fake news. Since the beginning of the COVID19 pandemic, the World Health Organisation (WHO) has taken steps to prevent an “infodemic”— an overabundance of […]
Technology is a major tool for the dissemination of fake news. Since the beginning of the COVID19 pandemic, the World Health Organisation (WHO) has taken steps to prevent an “infodemic”— an overabundance of […]
The Policyholder Protection Rules require insurers to ensure that policyholders are made aware of the existence of the time-limitation clause, as well as the implications thereof. This protects policyholders from being prejudiced by […]
The Preparation Guide outlines exactly what the examination will be testing and where to find the information. Studying the Preparation Guide is in fact the very first step a candidate should take to […]
The Preparation Guide outlines exactly what the examination will be testing and where to find the information. Studying the Preparation Guide is in fact the very first step a candidate should take to […]
Policy wording and the detailed definition of the insured event and coverage are upfront requirements of an insurable risk. The consequences of the pandemic and resulting lockdown as well as various lockdown levels […]
Policy wording and the detailed definition of the insured event and coverage are upfront requirements of an insurable risk. The consequences of the pandemic and resulting lockdown as well as various lockdown levels […]
Whilst the South African government has been heavily criticised by both the media and the public regarding the availability of a COVID-19 vaccine, the Council for Medical Schemes (CMS) has been co-ordinating public-private […]
“In light of the SCA (Supreme Court of Appeal) judgment, the FSCA now expects the non-life insurance industry to honour its CBI cover obligations and to make payment of valid CBI claims without […]
Towards the end of 2020 the Financial Sector Conduct Authority (FSCA) published its research report and consultation paper on Open Finance. What is Open Finance? “Open Finance is built on the principle of […]
Failure to comply with regulatory requirements can be a costly mistake. In a recent case, the Financial Sector Conduct Authority (FSCA) withdrew the FSP licence of Dikwena Funeral Parlour (Pty) Ltd, debarred Mr. […]
As 2020 winded down, the FSCA published various regulatory updates. Comments on most of these updates are due mid-February 2021. Here is a reminder of these amendments and updates: Proposed amendments to the […]
