New rules reshape how foreign funds access SA investors
The determination introduces a more structured approval framework for offshore funds, while expanding supervisory discretion and replacing BN 257.
#FinancialSectorConductAuthority
Draft policy reframes financial education as a core conduct requirement
National Treasury’s draft framework signals tighter expectations for how firms deliver, integrate, and measure financial education.
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
Geldenhuis case postponed again as defence brings in senior counsel
The criminal case stemming from the collapse of Classic Financial Services has been delayed once more, after the defence asked for time to consult newly appointed senior counsel.
Termination of MyWealth business rescues now subject to court scrutiny
Affidavits before the High Court set out contested positions on process, standing, and potential next steps, including whether liquidation should follow.
MPs query FSCA processes in insurance exemption dispute
The Authority says the case highlights the need for a legislative framework that is more conducive to fostering transformation and incubation models.
FSCA’s financial education Conduct Standard comes into force
With the transition period now over, financial institutions that offer education initiatives must align with the FSCA’s requirements on governance, evaluation, and accountability.
FSCA signals delay to Omni pilot as rollout reaches ‘inflection point’
Officials outline key supervisory areas affecting financial institutions, with a focus on governance, AML controls, cyber resilience, and consumer-facing risks.
Financial inclusion high, financial health low: insurers face outcomes test
With only 16% of South Africans financially healthy, insurers are being pushed to prove that products deliver real value when customers need them most.
FSCA examining finfluencers’ impact on consumer decisions
The Authority is studying the influence of financial content on social media, while advancing industry co-ordination as online fraud losses rise.
Regulation must adapt to a more complex financial system, says Kamlana
Unathi Kamlana says regulation must evolve with a more complex, technology-driven financial sector, with greater focus on accountability and customer outcomes.
Retail hedge funds overtake qualified investor funds as industry hits R216bn
Retail investors are increasingly shaping South Africa’s hedge fund industry, driving inflows and pushing retail portfolios into the lead for the first time.
Six key themes from the FSCA’s FICA compliance inspections
Moonstone Compliance’s analysis identifies recurring shortcomings that FSPs should fix to avoid enforcement action.
New ‘MyWealth Method’ group surfaces as investigations grind on
A Telegram group reviving the MyWealth name is promoting crypto investment opportunities, as the FSCA’s investigations linked to earlier enforcement actions continue.
Kamlana reappointed as FSCA Commissioner for a second five-year term
The terms of two deputy commissioners were also renewed, while the third deputy will step down at the end of May.
Former Steinhoff executive Stéhan Grobler fined R358.75m
The FSCA says Grobler contravened the Financial Markets Act by publishing false or misleading financial statements between 2014 and 2017.
Court resolves key costs questions in Cadac Pension Fund case
The High Court overturns an earlier disallowance of the curator’s costs and reaffirms that former trustees remain personally liable for curatorship and inspection expenses.
