Explore the Category

An informed decision doesn’t mean that it is the right decision

22 November 2016

In terms of regulatory developments, next year promises to be a big one for the financial services industry as the Financial Services Board (FSB) gears up for the adoption of the Twin Peaks model of regulation.

FSB warns the public against State Life (Pty) Ltd

08 November 2016

The Financial Services Board (FSB) would like to warn the public not to conduct financial services business or invest funds with State Life (Pty) Ltd (State Life) and/ or its representative and key individual Mr Thapelo Jacob Macholo (FSB NO: 41897).

FSB warns the public against Invest Acquired Holdings

20 October 2016

The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Invest Acquired Holdings. Invest Acquired Holdings is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services.

Lliquidation of saXum Insurance

17 October 2016

Last week we reported on the current happenings at beleaguered insurer saXum Insurance. They are currently engaged in an impasse with a service provider which is affecting policyholders.

quick poll

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

View the Results