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FSCA warns the public against Lots FX

23 June 2021

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services related business with United Kingdom (UK) based company Lots FX.

FSCA warns the public against dealing with Quantlio Investments LLC

17 June 2021

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services related business with an entity referring to itself as Quantlio Investments LLC, which is not authorised to give any financial advice or render any intermediary services in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

Update on Impilo Plus Insure

15 June 2021

On 18 February 2021, the Financial Sector Conduct Authority (FSCA), cautioned the public about conducting business with Impilo Plus (Impilo Plus (Pty) Ltd t/a Impilo Plus Insure), who were conducting unauthorised financial services. At the time, Impilo Plus was not authorised to provide financial services, as defined in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act).

Statements about the effect of Covid-19 vaccines on life insurance policies

15 June 2021

It has been brought to the attention of the Financial Sector Conduct Authority (FSCA) that there are inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because the vaccines are regarded as “experimental medicine”.

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The strongest deterrent against FSP compliance missteps is or should be:

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A criminal conviction Debarment Fine or penalty Any of the above can work

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