An FSCA press release on 8 July contains details of hefty administrative sanctions imposed on Momentum Wealth (Pty) Ltd and Momentum Collective Investments RF (Pty) Ltd for failing to comply with FICA requirements. […]
An FSCA Press Release on 15 June 2021 addresses the occurrence of inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because […]
Background The FSCA website, on its Enforcement Actions page, shows a huge array of fines, ranging from R161 million to as little as R18 000. In 2013, we took up the issue of how […]
Background The FSCA website, on its Enforcement Actions page, shows a huge array of fines, ranging from R161 million to as little as R18 000. In 2013, we took up the issue of how […]
A FSCA media release on 15 October 2020 contained details of the withdrawal of an FSP licence, the debarment of the sole director, key individual and representative for 10 years as well as […]
A FSCA media release on 15 October 2020 contained details of the withdrawal of an FSP licence, the debarment of the sole director, key individual and representative for 10 years as well as […]
In a recent communication, the Financial Sector Conduct Authority (FSCA) informed the retirement fund industry that it is in the process of finalising the endorsement of (urgent) amendments to rules of funds received […]
The summary dismissal of a complaint by the FAIS Ombud was overturned by the Financial Sector Tribunal in a decision published on 30 April 2021. The complaint was dismissed by the Ombud in […]
Finance Minister Tito Mboweni has appointed Unathi Kamlana as the commissioner of the Financial Sector Conduct Authority (FSCA) for a period of five years. Kamlana is currently employed at the Prudential Authority of […]
Finance Minister Tito Mboweni has appointed Unathi Kamlana as the commissioner of the Financial Sector Conduct Authority (FSCA) for a period of five years. Kamlana is currently employed at the Prudential Authority of […]
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
In February 2021, the FSCA published a Notice to make the industry aware that the Directive to provide information (DPI) for 2021 is available for online completion and submission from 1 March 2021 […]
March is officially Consumer Rights Month. “Through laws such as the Financial Services Regulatory Act (FSRA), the Financial Advisory and Intermediary Services Act (FAIS), the Treating Customers Fairly (TCF) approach as well as […]
A recent media release sets out the FSCA’s current position on certain aspects of Contingent Business Interruption Insurance (CBI) cover as well as its expectations of non-life insurers and policyholders in respect of CBI […]
The Financial Sector Conduct Authority (FSCA), issued a warning on 2 February 2021 against the growing cryptocurrency scams in the country. “The FSCA is receiving a large number of complaints from South African […]
On Tuesday, 19 January 2021, the FSCA announced that it has finalised its investigation into Mirror Trading International (Pty) Ltd (MTI) and will share its report with the liquidators appointed by the Master […]
On Tuesday, 19 January 2021, the FSCA announced that it has finalised its investigation into Mirror Trading International (Pty) Ltd (MTI) and will share its report with the liquidators appointed by the Master […]
