COFI could redraw the lines of accountability in umbrella funds
COFI’s outcomes-based framework may push governance responsibility beyond trustees and require umbrella funds to prove that members are better off.
FSCA
Clearer communication can prevent many motor insurance disputes
The NFO says proactive disclosure, better underwriting conversations, and stronger intermediary oversight will benefit customers and insurers alike.
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.
Still short on CPD hours? MBSE suggests ready-made combinations
MBSE’s CPD combinations help advisers and FSPs to complete their annual requirements while focusing on ethics, conduct, communication, and regulatory readiness.
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.
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.
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.
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.
R2m fine as FSCA tightens net on unlicensed investment schemes
Twin enforcement actions show sustained pressure on unauthorised operators and market misconduct.
Cabinet clears draft AI policy for public comment
Approval of the draft AI policy signals a shift to structured oversight, with businesses urged to prepare for evolving compliance expectations.
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.
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.
