Conduct standard published on retirement fund investments in derivatives
The FSCA has published a conduct standard setting out the conditions for retirement funds to invest in derivatives.
The decision addresses the recovery of VAT on payments made under loan cover provided free of charge.
Read moreThe 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.
Concern over the ‘alarming’ number of cases involving the submission of fictitious policies to insurers.
Case of Smart Billion highlights what is expected of KIs, says FSCA.
The penalties imposed by the Authority on Viceroy and Markus Jooste came to R211 million.
Moonstone will check the authenticity of a certificate if provided with written consent.
The Authority is looking into allegations that the company was involved in money laundering.
Trustees and principal officer commit to good governance in enforceable undertaking signed with the FSCA.
Authority publishes the final version of its strategy to promote transformation in the financial sector.
Among other provisions, financial education must not be used as a guise for marketing.