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 the increase in medical innovation, gap cover is becoming increasingly critical, especially where robot assisted surgery is concerned. “Medical technology is always pushing the boundaries of innovation, and one of the latest […]
The Without Prejudice website recently published an article, written by Christine Rodrigues and Keryn Layton-Mccann of Bowmans, on the UK’s Financial Conduct Authority (FCA) efforts to obtain legal clarity on whether insurers are […]
The Without Prejudice website recently published an article, written by Christine Rodrigues and Keryn Layton-Mccann of Bowmans, on the UK’s Financial Conduct Authority (FCA) efforts to obtain legal clarity on whether insurers are […]
The FSCA has released the following Notices: 1. FSCA FAIS Notice 68 of 2020 Amendment of Exemption of Certain FSPs who are Long-term Insurers or Short-term Insurers from Section 13 of the General […]
The FSCA has released the following Notices: 1. FSCA FAIS Notice 68 of 2020 Amendment of Exemption of Certain FSPs who are Long-term Insurers or Short-term Insurers from Section 13 of the General […]
In a thought provoking article titled “First it was loo roll, now it’s cash”, Ben Kumar, a senior investment strategist at 7IM, discusses cash hoarding by clients as a result of not being […]
For clarity around the submission of tax returns, SARS re-emphasised the various submission dates last week: 1 August – 31 August 2020 Filing of returns commence through any of the SARS eChannels, namely […]
Moonstone Compliance is excited to announce that registration for the popular annual regulatory update workshop will open soon. This year the annual event will go virtual and the webinar will be hosted on […]
We have in the past raised concerns about how the quantum of such fines were determined. A recent ruling by the Financial Services Tribunal provides legal clarity on the matter. Section 167(1) of […]
Earlier this year the Council for Medical Schemes (CMS) responded to various protests from the healthcare industry, as well as appeals by insurers, by announcing the appointment of two advisory committees to engage […]
Earlier this year the Council for Medical Schemes (CMS) responded to various protests from the healthcare industry, as well as appeals by insurers, by announcing the appointment of two advisory committees to engage […]
On Monday, Momentum Metropolitan Holdings reported that it had been the victim of a cyberattack, with criminals able to access sensitive data on its systems. In a statement to shareholders, the financial services […]
Yesterday, the FSCA published the 2020 levy notice. With compliments of our colleague Paull Lawrence, here are two levy calculators to establish what your obligation will be: FSP levy calculator Sole Prop levies […]
Yesterday, the FSCA published the 2020 levy notice. With compliments of our colleague Paull Lawrence, here are two levy calculators to establish what your obligation will be: FSP levy calculator Sole Prop levies […]
Due to the cancellation of many CPD activities since March, FSPs, key individuals and representatives were granted an additional 3 months to meet the CPD requirements for the annual CPD cycle. The end of […]
A recent FSCA Communication again stressed that “a provider must always act in accordance with section 2 of the General Code which requires that the provider must at all times render financial services honestly, […]
Undeterred by the Covid-19 induced market volatility, investors committed R88 billion in net inflows to local Collective Investment Scheme (CIS) portfolios during the second quarter of this year. According to the Association for […]
