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Tag Archives | FSCA

FIAS

Tribunal again rules against FAIS Ombud

Last Monday we published an article on the outcome of a FSCA Tribunal hearing with the following introduction: “The findings of a hearing by the FSCA Tribunal in the Van Zyl case heard on 25 June 2019 should result in serious introspection by the office of the FAIS Ombud.” “Whilst not directly addressing some of the grounds […]

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deadline

Extension of CPD deadline – Are you compliant yet?

The Fit and Proper Determination requires that certain individuals obtain a specified number of Continuous Professional Development (CPD) hours within an annual 12-month cycle between 1 June and 31 May of a specific year. The FSCA recently extended this year’s deadline to 31 July 2019 – a date that is just more than two weeks away. But what happens […]

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FSCA

FSCA – New appointment of Divisional Executive for Conduct of Business Supervision

Ms Kedibone Dikokwe has been appointed as the Divisional Executive: Conduct of Business Supervision, effective from 1 July 2019. This is the division that supervises the way financial institutions interact with their customers. In this role Ms Dikokwe will oversee the implementation of the FSCA’s supervisory program of financial products and service providers operating in […]

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Levies

Proposed levies on Financial Institutions – FSCA requests comments

According to Pam Saxby of Legalbrief Policy Watch, the FSCA has called for input by 21 June 2019 on proposed levies for the 2019/20 financial year to be imposed on a raft of affected institutions. This includes: pension funds, their administrators and adjudicators; retirement annuity funds; friendly societies; short-term insurers and Lloyd’s underwriters; long-term insurers; intermediaries; collective […]

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