Funeral insurance Bill moves to Parliament, but questions persist
The proposed reforms could require significant operational changes for insurers, but industry experts believe they address only part of the problem.
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FSCA provisionally withdraws Mixirite’s licence
The regulator’s concerns include alleged high-pressure sales tactics, unrealistic return promises, and inadequate disclosures to clients.
Tribunal draws line between enforcement powers and personal redress
The decision highlights the distinction between punishing misconduct and compensating consumers who claim to have suffered losses.
Warning against investment pitches dressed up as legitimate businesses
The FSCA identifies schemes using fake affiliations, cloned identities, and unrealistic return promises to attract funds.
Preparing for COFI: ‘fair outcomes’ will be the new compliance test for FSPs
Even smaller firms will need to demonstrate fair treatment, as the regime makes proportionality a matter of scale, not exemption.
Crypto payment-type activity may fall under FAIS, say regulators
Crypto assets fall outside the NPS Act, but intermediary-led payment-type activity involving crypto may still trigger a licensing requirement.
FSCA warns of Telegram groups impersonating financial firms
The regulator alerts the public to scammers who are abusing the names and branding of three authorised FSPs to solicit funds.
National Treasury defends draft capital flow regulations
Treasury and the SARB say the proposals are not intended to criminalise crypto possession and have extended the deadline to comment.
Retirement industry flags operational risks in dual contribution regime
IRFA says the FSCA is engaging with the Department of Employment and Labour on the issue.
SCA backs FSCA in dispute with fund over investigation record
The Authority was not required to disclose documents tied to its investigation and search warrant against the Municipal Employees’ Pension Fund.
FSCA withdraws SA Army Foundation licence, fines officials R44.7m
The Authority debars two senior officials for 30 years after finding unlawful financial practices linked to the SANDF group life insurance scheme.
Commentators flag key uncertainties in draft exchange control proposals
Exchanges say the draft could affect routine crypto use, while one legal analysis questions whether the framework is truly more permissive.
New regulations will bring crypto into exchange control framework
National Treasury releases the draft Capital Flow Management Regulations to replace the Exchange Control Regulations.
Regulators step in as AI adoption exposes new financial risks
As AI-driven incidents increase, insurers face mounting pressure to replace implicit cover with explicit policies tailored to new technological risks.
Tribunal clarifies limits on investor challenges to FSCA in curatorship case
The dismissal of a reconsideration application by CMM investors underscores that only direct legal rights – not indirect financial interests – confer standing under the FSRA.
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.
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.
