FSCA – Page 29 – Moonstone Information Refinery

Day 2 Highlights from the FSCA Industry Conference 2026

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.

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.