BHI Trust fallout widens as FSCA bans intermediary for 20 years
The FSCA’s latest action highlights the regulatory risks for individuals who may have been linked to the BHI Trust scheme.
Compliance
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
FSCA to sharpen ESG disclosure rules as scrutiny shifts to conduct
Guidance under development signals stricter application of existing rules to sustainability claims and disclosures.
SARS exceeds R2 trillion as compliance, not commodities, drives revenue
Milestone caps Kieswetter’s tenure as a new commissioner prepares to take office from 1 May.
FIC tightens crypto rules: ‘no data, no transfer’ standard emerges
New guidance forces CASPs to verify and transmit transaction data in real time – or halt the transfer.
High Court rules construction guarantees fall under insurance law
Judgment confirms that such guarantees require licensing under the Insurance Act, resolving a long-running classification dispute.
FSCA tests global ESG rating models as oversight debate sharpens
Discussion paper weighs regulation, codes and hybrid options as data quality and governance risks come into focus.
Rejected claims expose behavioural risk in motor insurance
Motor insurance data shows most rejected claims are still driven by preventable driver behaviour, with direct implications for underwriting, advice and client risk.
Funds on the hook as Adjudicator flags failures in benefit payments
Rulings show weak controls can force retirement funds to repay benefits years later, with interest.
PAIA deadline opens as Regulator tightens oversight on information access
Missed submissions could trigger enforcement as the Regulator scrutinises how firms handle access to information requests.
Gambling surge strains retirement savings and prompts tax response
Old Mutual findings and industry commentary show gambling is reshaping spending, eroding savings, and drawing policy attention, with implications for employers and advisers.
E-commerce risks outpace consumer protection laws, Ombud warns
A joint NCC and CGSO paper highlights rising e-commerce complaints and regulatory gaps, with proposed reforms set to reshape platform accountability and consumer protection.
New CPD courses tackle crypto advice and real-world ombud lessons
MBSE launches two practical CPD programmes to help advisers meet crypto compliance requirements and learn from ombud rulings shaping the financial services industry.
Smart tech boosts compliance, yet R646bn tax debt looms large
Using AI and third-party data, SARS identified some 100 000 high-income earners who were not registered for tax.
MBSE opens 2026 qualification applications with early-access incentive
Prospective students can jump-start their 2026 studies with early course access and benefit from a 50% discount on MBSE’s full suite of COB modules until 31 December.
Last chance to book for Moonstone’s compliance webinar
The agenda includes the OMNI-Risk Return, COFI, FICA Business Risk Assessments, and practical cyber-resilience guidance.
From OMNI-Risk to cyber risk – don’t miss Moonstone’s compliance webinar
Registration is open for Moonstone Compliance’s Regulatory Update Webinar on 12 November.
