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.
FSCA
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.
Former members of deregistered funds won’t pay tax on bulking payments
Exemption is the last opportunity to rectify the error, National Treasury says.
FSCA imposes R2.5m fine for unauthorised derivatives trading
About R1 million in investors’ funds was misappropriated.
FSCA clarifies which trading activities require a licence
The declaration of crypto assets as a financial product does not affect financial services rendered in relation to crypto asset derivatives.
FSCA warns of strong action against entities if Servcos contravene financial laws
Several investigations are looking into possible regulatory breaches by insurers, the Authority says.
FSCA releases report on debarments and other regulatory actions in 2022/23
Concern over the ‘alarming’ number of cases involving the submission of fictitious policies to insurers.
‘No room for doubt’ about a key individual’s responsibilities
Case of Smart Billion highlights what is expected of KIs, says FSCA.
FSCA has applied to the High Court to overturn tribunal’s Viceroy decision
The penalties imposed by the Authority on Viceroy and Markus Jooste came to R211 million.
Regulatory exam fraud is rife, says FSCA
Moonstone will check the authenticity of a certificate if provided with written consent.
FSCA provisionally withdraws Salt Asset Management’s licence
The Authority is looking into allegations that the company was involved in money laundering.
Statutory management of Private Security Sector Provident Fund to end
Trustees and principal officer commit to good governance in enforceable undertaking signed with the FSCA.
FSCA drops proposed minimum B-BBEE Level 4 requirement
Authority publishes the final version of its strategy to promote transformation in the financial sector.
FSCA publishes draft conduct standard on financial education
Among other provisions, financial education must not be used as a guise for marketing.
FSCA publishes report on project to deregister retirement funds
Authority says mistakes were made, but they were rectified.
