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Tag Archives | LTI Act

Huge Fines after Commission Overpayments

Sanlam Developing Markets Limited and Channel Life Limited were fined R2 million and R1 million respectively for inadvertently contravening the regulations regarding maximum commissions payable. During the period 1 November 2008 to 21 June 2013, these companies remunerated intermediaries in excess of the maximum commission as set out in Part 3 of the Regulations under […]

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