FSCA – Page 28 – Moonstone Information Refinery

Video interview: New mutual insurer enters the market

Debarred for 20 years and total fines of R35 million

The workshops were on irregularity reports and the legislative requirements for funeral parlour FSPs.

The requirements for advice fees in the context of insurance policies will be dealt with by amending the insurance regulations.

This is a year after the Financial Services Tribunal set aside the Authority’s penalty of almost R162 million.

The FSCA had already reduced the penalties and dropped the intention to debar for 10 years.

And how the Financial Services Tribunal assesses whether the fine was appropriate.

It explicitly places an onus on retirement funds to alert employers of their obligations under the Pension Funds Act.

Attendance is limited to the first 1 300 people who register.

Tribunal considers whether the insurers in some way gave their consent to IGM investing the premiums in illiquid assets.

Can the FSCA fine persons not domiciled within the jurisdiction of South Africa’s courts?

FSCA proposes consolidated prudential standard for financial reporting requirements.

The amendments to regulation 28 of the Pension Funds Act take effect on January 3.

The exemption does away with the R50 000 average-benefit-per-member threshold and caps the membership threshold at 100.

This comes after nearly three years of having an acting ombud.

Statutory manager says N-e-FG Administrators transferred money to third parties without the required mandates.

They believe it will result in financial advisers including crypto assets in their investment recommendations to clients.

Which entities are included in the FSCA’s declaration, the transitional arrangements, and the conditions attached to the exemptions.