FSCA – Page 27 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

Accountable institutions are expected to fulfil their compliance obligations

Final version of guidance notice on intermediary remuneration published.

Conduct Standard 1 of 2022 aims to help eradicate non-payment of retirement fund contributions by employers.

FSCA has taken steps after considering the statutory manager’s report.

Following ‘prolonged non-compliance’ with the liquidity and capital adequacy requirements.

FSCA says giving investors in a targeted portfolio an opportunity to object will not effectively nullify the exemption.

Applicant argues that non-compliance is not a contravention when the law does not provide for a penalty.

FSCA implements notice exempting funds from certain qualifying criteria in Board Notice 75.

The contraventions were a result of a misinterpretation of the legal position.

An independent intermediary must be authorised by the insurer to engage in ‘direct collection of premium’ activities.

FSCA says enhancements to the online submission process will result in faster turnaround times.

A complaint must be about crypto advice and services rendered from 19 October 2022.

Regulators say the revised version takes these concerns into account.

JSE imposes fines totalling R15 million and bars Steinhoff’s former chief executive from holding office as a director.

Can a director be held criminally liable for acts or transgressions by a company?

The Authority wants to get a better understanding of the conduct risks related to crypto activities.

This case sends a serious warning to those who allow “spotters” to work under their licence.