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Update on Contingent Business Interruption Insurance cover

17 September 2020

Following ongoing discussions with the non-life insurance industry, the Financial Sector Conduct Authority (FSCA) would like to provide an update regarding the process of obtaining legal certainty on Contingent Business Interruption (CBI) Cover.

FSCA issues public warning against Naledi Funerals

15 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with NHM Funeral Services trading as Naledi Funerals. The FSCA suspects Naledi Funerals of conducting unauthorised financial services business and breaching various financial sector laws.

FSCA warns the public against Mr. Timmy Thomas Madindo

15 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial business with Amen Forex Michael which is owned by Mr. Timmy Thomas Madindo. Mr. Timmy Thomas Madindo is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”) to render any financial advice and/or intermediary services.

FSCA warns the public against Daily Double Trading (Pty) Ltd

15 September 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial business with Daily Double Trading (Pty) Ltd. Daily Double Trading (Pty) Ltd is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”) to render any financial advice and intermediary services.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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