FSCA – Page 30 – Moonstone Information Refinery

Timur Turlov on chess, investing, and why South Africa matters

What you should know about reporting, calculating penalty interest, the in duplum rule, and the employer’s liability.

The FSCA wants to know whether applicants are compliant with the Financial Intelligence Centre Act.

FSCA issues a spate of warnings about scammers impersonating authorised FSPs and offering unrealistic returns.

His FSPs were fined a total of R250 000 for selling two products before they were licensed.

High Court rejects arguments that they owed the insurers a statutory duty.

Director signs an undertaking not to be involved in the financial services industry for seven years.

The decision highlights numerous irregularities at the Private Security Sector Provident Fund that were not reported to the FSCA.

The Authority has changed its mind about the requirement to have a recognised qualification.

The decision sets out how PSSPF board members racked up fees for meetings and ignored the fund’s procurement policy.

The FSCA has published a conduct standard setting out the conditions for retirement funds to invest in derivatives.

About R19 million will be forfeit to the state unless exclusion applications are upheld.

The Authority takes regulatory action against JP Markets again.

FSCA wants to step up market surveillance to combat insider trading and price manipulation.

Exemption is the last opportunity to rectify the error, National Treasury says.

About R1 million in investors’ funds was misappropriated.

The declaration of crypto assets as a financial product does not affect financial services rendered in relation to crypto asset derivatives.

Several investigations are looking into possible regulatory breaches by insurers, the Authority says.