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Securities regulators coordinate responses to COVID-19 through IOSCO

26 March 2020

Members of the International Organization of Securities Commissions, who regulate over 95% of the world’s capital markets, are cooperating closely on their responses to the disruption in capital markets resulting from the macroeconomic impact of COVID-19 on the global economy.

Update on cancellation of selected policies by Constantia Insurance Company Ltd

23 March 2020

The Financial Sector Conduct Authority (FSCA) has engaged with Constantia Insurance Company Ltd (Constantia) regarding the policy cancellations of the Prime Living Covergrow (Covergrow) and Living Legacy (Legacy) product offerings.

Publication of the Financial Markets Review (final report)

04 March 2020

National Treasury (NT), the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA) have released the Financial Markets Review (final report), which provides recommendations for conduct practices in domestic over-the-counter fixed income, currency, commodities and derivatives financial markets. The final report follows an intensive consultation period that started in September 2018.

FSCA warns the public against Zoom Executive Investments (ZEI)

24 February 2020

The Financial Sector Conduct Authority (FSCA) warns the public against doing financial services business with Zoom Executive Investments. Zoom Executive Investments is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and intermediary services.

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Question

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

Answer

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

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