Online fraudsters are abusing the names of Brenthurst Wealth’s Magnus Heystek and Brian Butchart, as well as Nicolette Mashile of Financial Fitness Bunny, to solicit money from the public.
The exemption waives the requirement for known-in-advance rates, letting money market portfolios invest in Zaronia-linked overnight placements.
Financial institutions that proactively embed governance, technology, and culture to meet evolving regulatory standards will not only avoid penalties but also strengthen credibility, build resilience, and drive long term value.
The advert touted a personal loan as an ‘investment’, contravening Conduct Standard 3’s requirements for clear, fair, and factually correct advertising.
The FSCA and the FIC remind CASPs and FSP CASPs of the compliance requirements that take effect on 30 April.
The appeal court upholds the High Court’s finding that neither the prosecutorial delay nor Marc van Veen’s brain-tumour diagnosis warrant a permanent stay.
The Tribunal says individuals who are subject to administrative action are entitled to fair processes that include the speedy finalisation of their matter
In response to industry calls, the Authority has drafted an exemption from the section 14(1) process for retail retirement funds.
The revised interpretation, which reverses the Authority’s earlier guidance, aligns with the Office of the Pension Funds Adjudicator’s view.
The Conduct Standard outlines a series of updated requirements for benefit administrators, including governance enhancements, risk management protocols, and processes for ensuring fair outcomes for fund members and beneficiaries.
The FSCA also warns of scammers impersonating 10X Investments, Prescient, Compsure Insurance, and Viviers Brokers.
With Joint Standard 2 on cybersecurity coming into force on 1 June, the Prudential Authority emphasises the need for financial institutions to bolster resilience, share intelligence, and prepare for inevitable cyberattacks.
One of the sanctioned FSPs says it’s important to request virtual meetings with the FSCA after each feedback round to ensure all compliance expectations are met.
The FSCA’s latest Notice of the recognised qualifications replaces previous notices from 2021 and 2023.
The report outlines the CASP sector’s vulnerabilities and provides guidance on how enhanced compliance and improved risk management can help to safeguard the industry.
A survey shows that only 8% of consumers lodged complaints with financial institutions between 2021 and 2023. Does this figure reflect genuine satisfaction or signal barriers in the complaint process?
The FSCA has raised the maximum daily penalty for late submissions under insurance legislation by 4.39%.
