Authority fines another FSP for FICA non-compliance
The FSCA’s inspection identified defects with the implementation of the RMCP and a failure to conduct a thorough client due diligence.
Old Mutual Unit Trust Managers off the hook for R1.7 billion claim arising from Fidentia scandal.
Read moreThe FSCA’s inspection identified defects with the implementation of the RMCP and a failure to conduct a thorough client due diligence.
The administrative sanctions are the result of an inspection conducted by the Prudential Authority three years ago.