As the National Treasury-backed repayment programme for Ithala depositors nears completion, KZN Treasury says the Prudential Authority will review the repayment administrator’s role.
The decision highlights the distinction between punishing misconduct and compensating consumers who claim to have suffered losses.
The FSCA identifies schemes using fake affiliations, cloned identities, and unrealistic return promises to attract funds.
Most FSCA levies will rise by 3.2%, but retirement funds face a 15% increase in the OPFA levy, and charges are introduced for some entities.
Even smaller firms will need to demonstrate fair treatment, as the regime makes proportionality a matter of scale, not exemption.
Crypto assets fall outside the NPS Act, but intermediary-led payment-type activity involving crypto may still trigger a licensing requirement.
COFI’s outcomes-based framework may push governance responsibility beyond trustees and require umbrella funds to prove that members are better off.
The NFO says proactive disclosure, better underwriting conversations, and stronger intermediary oversight will benefit customers and insurers alike.
The regulator alerts the public to scammers who are abusing the names and branding of three authorised FSPs to solicit funds.
MBSE’s CPD combinations help advisers and FSPs to complete their annual requirements while focusing on ethics, conduct, communication, and regulatory readiness.
IRFA says the FSCA is engaging with the Department of Employment and Labour on the issue.
The Authority was not required to disclose documents tied to its investigation and search warrant against the Municipal Employees’ Pension Fund.
The Authority debars two senior officials for 30 years after finding unlawful financial practices linked to the SANDF group life insurance scheme.
National Treasury releases the draft Capital Flow Management Regulations to replace the Exchange Control Regulations.
As AI-driven incidents increase, insurers face mounting pressure to replace implicit cover with explicit policies tailored to new technological risks.
The dismissal of a reconsideration application by CMM investors underscores that only direct legal rights – not indirect financial interests – confer standing under the FSRA.
The FSCA’s latest action highlights the regulatory risks for individuals who may have been linked to the BHI Trust scheme.
