Public Protector’s flawed Report – FSCA awarded judgement
The High Court of South Africa provided its judgement on “The Report” of the Public Protector, No. 46 of 2018/19, dated 28 March 2019, last week. This follows a complaint by the Economic […]
FSCA
FSCA publishes various Conduct Standards – Now open for comment
Last week was a busy week at the FSCA office with the publication of four different Conduct Standards. Interested parties are invited to submit comment. ● FSCA Communication 49 of 2020 (RF) Publication […]
Financial Services Providers – FSCA warns public to always check authorisation
In various press releases last week the FSCA has advised members of the public to always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary […]
Financial Services Providers – FSCA warns public to always check authorisation
In various press releases last week the FSCA has advised members of the public to always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary […]
FCA BI test case in UK – Judgment mostly in favour of policyholders
Let me at the outset just caution against popping the champagne corks too soon. The UK Court found in favour of the arguments advanced for policyholders by the FCA on the majority of […]
FCA BI test case in UK – Judgment mostly in favour of policyholders
Let me at the outset just caution against popping the champagne corks too soon. The UK Court found in favour of the arguments advanced for policyholders by the FCA on the majority of […]
Urgency of the essence in BI dispute
In view of the important role that the hospitality industry plays in the economy, it is imperative that legal clarity is obtained as soon as possible. The FSCA has decided to put its […]
Urgency of the essence in BI dispute
In view of the important role that the hospitality industry plays in the economy, it is imperative that legal clarity is obtained as soon as possible. The FSCA has decided to put its […]
FSCA Notices – Extension of various exemptions
The FSCA has released the following Notices: 1. FSCA FAIS Notice 68 of 2020 Amendment of Exemption of Certain FSPs who are Long-term Insurers or Short-term Insurers from Section 13 of the General […]
FSCA Notices – Extension of various exemptions
The FSCA has released the following Notices: 1. FSCA FAIS Notice 68 of 2020 Amendment of Exemption of Certain FSPs who are Long-term Insurers or Short-term Insurers from Section 13 of the General […]
Replacement products – Records of Advice should not be prepopulated
A recent FSCA Communication again stressed that “a provider must always act in accordance with section 2 of the General Code which requires that the provider must at all times render financial services honestly, […]
FSCA’s learning series – Helping to build a generation of financially smart individuals
Given how important financial skills are to navigating life, it is important for children from a young age to be exposed to financial lessons. One of the Financial Sector Conduct Authority’s (FSCA) flagship […]
Appointment process at FSCA reviewed – Interim Commissioner appointed
The Minister of Finance has published amendments to the Financial Sector Regulations in terms of sections 61(4), 288 and 304 of the Financial Sector Regulation Act No.9 of 2017 (FSR Act). “… weaknesses […]
Contingent Business Interruption – FSCA seeks declaratory order
Further to previous publications by the Financial Sector Conduct Authority (FSCA) on the problematic issue of Contingent Business Interruption (CBI), the Authority has now published details of its letter to non-life insurers on […]
Contingent Business Interruption – FSCA seeks declaratory order
Further to previous publications by the Financial Sector Conduct Authority (FSCA) on the problematic issue of Contingent Business Interruption (CBI), the Authority has now published details of its letter to non-life insurers on […]
Boards of Retirement Funds – Expiration of term of office not part of FSCA mandate
In a recent communication the FSCA reminded all Boards of retirement funds and their administrators of the binding force of a fund’s rules in terms of section 13 of the Pension Funds Act, 1956, […]
Tribunal reduces METCI penalty by 70% – Finds that fund did not act recklessly
The Financial Services Tribunal has just handed down its decision on an application by MET Collective Investments (Pty) Ltd (METCI) for a reconsideration of an order made by the Financial Sector Conduct Authority […]
