#jointandseveral

Tribunal: FSCA cannot impose joint-and-several penalties under section 167

The FST says the factors in section 167 of the FSRA are individual in nature and must be assessed in determining the appropriate penalty for each person.

Videos

Offshore investing for advisers: Inside the TFOS platform

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

Day 2 Highlights from the FSCA Industry Conference 2026

Tribunal: FSCA cannot impose joint-and-several penalties under section 167