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The FSCA announces the resignation of Caroline da Silva

25 August 2020

After a combined seven years of service at the Financial Sector Conduct Authority (having joined the Financial Services Board in 2013) Caroline da Silva, Divisional Executive of Regulatory Policy, has resigned with effect from 31 October 2020. At this stage Caroline has no plans on the next chapter of her career.

FSCA warns the public against individuals claiming to be associated with Pro Global

25 August 2020

The Financial Sector Conduct Authority (FSCA) warns the public not to deal with an individual named Mark Hopkins operating on Instagram claiming to be associated with Pro Global Forex (Pty) Ltd (Pro Global), an authorised Financial Services Provider (FSP No.33691).

The FSCA fines Tongaat Hulett Limited for contravention of the Financial Markets Act

25 August 2020

The Financial Sector Conduct Authority (FSCA) has concluded its investigation into alleged contraventions of the Financial Markets Act No.19 of 2012 (FMA) by Tongaat Hulett Limited (Tongaat) in the period prior to the discovery of significant accounting irregularities at the Company.

Mirror Trading International

21 August 2020

The FSCA is investigating the activities of Mirror Trading International. The FSCA is of the view that the current business model of Mirror Trading International requires it to be in possession of a financial service provider licence.

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

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