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Compliance - Regulatory / Financial Sector Conduct Authority (FSCA) (was FSB)

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FSB to deliver cell captive clarity within the next four months

FSB to deliver cell captive clarity within the next four months

14 May 2015

While many people expressed concern about the length of time that the Financial Services Board (FSB) took to finalise certain key pieces of legislation, good news for the industry is that the regulator is finalising its proposals for its changes to cell captive arrangements.

New system to assist FSB in monitoring collective investment schemes

New system to assist FSB in monitoring collective investment schemes

17 April 2015

As a result of the rapidly changing nature of the financial services landscape in South Africa, the Financial Services Board (FSB) is implementing a new system to ensure it is able to continue effectively monitoring the compliance of collective investment schemes.

FSB warns the public against Stephan Richards and Tshepiso Lekganyane (Gomolemo Benefit Plan)

FSB warns the public against Stephan Richards and Tshepiso Lekganyane (Gomolemo Benefit Plan)

16 April 2015

The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with Stephan Richards (“Mr Richards”) and Tshepiso Lekganyane (“Mr Lekganyane”). Both Messrs Richards and Lekganyane are not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (“FAIS Act”), to render any financial advice and intermediary services. They are also not authorised in terms of the Long-term Insurance Act, 1998 (“LTIA”) to carry on any kind of long-term insurance business.

FSB discusses twin peaks reform with industry stakeholders

FSB discusses twin peaks reform with industry stakeholders

07 April 2015

The Financial Services Board (FSB) recently opened a discussion on the implementation of the Twin Peaks model of financial regulation, which will see the FSB become a dedicated market conduct regulator with an enhanced mandate for the supervision of conduct of business, market integrity and consumer education. A two-day workshop was held with key stakeholders and role players within the industries that the FSB regulates, to obtain their input on the FSB’s initial thinking on its new regulatory and supervisory strategy.

quick poll
Question

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

Answer
FSB responds on Jacobus Kellerman

FSB responds on Jacobus Kellerman

27 March 2015
FSB acts to prohibit sign-on bonuses for financial advisers

FSB acts to prohibit sign-on bonuses for financial advisers

16 March 2015
FSB:  Declaration by the Minister of Finance and Notice determining requirements for hedge funds

FSB: Declaration by the Minister of Finance and Notice determining requirements for hedge funds

09 March 2015
How will the FSCA monitor your business?

How will the FSCA monitor your business?

19 February 2015
What does 2015 hold in store for the Financial Services Industry - FSB viewpoint

What does 2015 hold in store for the Financial Services Industry - FSB viewpoint

29 January 2015
FSB welcomes overturning of sentence on Fidentia’s J Arthur Brown

FSB welcomes overturning of sentence on Fidentia’s J Arthur Brown

02 December 2014
FSB releases Retail Distribution Review paper for comment

FSB releases Retail Distribution Review paper for comment

10 November 2014
Investigation into the FSB

Investigation into the FSB

03 November 2014