When will Cofi be served?
The FSCA publishes its updated regulatory agenda for the next three years.
FSCA
Closer scrutiny of cross-border transactions is impacting individuals and businesses
The FSCA says the government is intensifying efforts to get South Africa off the grey list by January 2025.
FSCA extends merchant banks’ FAIS exemption
The exemption allows banks to provide financial services to certain clients without meeting the requirements of the FAIS Act.
No, you did not receive a WhatsApp from the head of the FSCA
The impersonator pretends to have information about an investigation … and solicits a ‘settlement payment’.
A handy guide to the payment of retirement fund contributions for trustees
What you should know about reporting, calculating penalty interest, the in duplum rule, and the employer’s liability.
Window period for crypto asset FSPs to apply for a licence opens on 1 June
The FSCA wants to know whether applicants are compliant with the Financial Intelligence Centre Act.
WhatsApp fraudsters are stealing and abusing legitimate FSPs’ branding
FSCA issues a spate of warnings about scammers impersonating authorised FSPs and offering unrealistic returns.
Director’s 10-year debarment excessive, tribunal finds
His FSPs were fined a total of R250 000 for selling two products before they were licensed.
Bid to join auditor, compliance officer in Insure Group claim fails
High Court rejects arguments that they owed the insurers a statutory duty.
OM Bridge to pay R3.1m fine as part of agreement with FSCA
Director signs an undertaking not to be involved in the financial services industry for seven years.
Tribunal’s ruling highlights a principal officer’s reporting obligations
The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.
FSCA releases amended exemptions for crypto asset FSPs
The Authority has changed its mind about the requirement to have a recognised qualification.
FST ruling has ‘far-reaching implications’ for trustees, principal officers, says FSCA
The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.
Conduct standard published on retirement fund investments in derivatives
The FSCA has published a conduct standard setting out the conditions for retirement funds to invest in derivatives.
Investors who lost money with Classic Financial Services One urged to lodge claims
About R19 million will be forfeit to the state unless exclusion applications are upheld.
FSCA fines forex trader R100 000 for breaking ODP regulations
The Authority takes regulatory action against JP Markets again.
‘Raft of financial sector legislation coming in the next 3 to 5 years’
FSCA wants to step up market surveillance to combat insider trading and price manipulation.
