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FSB releases Retail Distribution Review paper for comment

10 November 2014

The Financial Services Board (FSB) today releases a discussion paper outlining the results of its Retail Distribution Review (RDR). The paper proposes a number of far-reaching reforms to the regulatory framework for distributing retail financial products to customers in South Africa.

Investigation into the FSB

03 November 2014

The Financial Services Board (FSB) is aware of a media statement circulated on 30 October by Kadesh Consulting, which alleges that there is an investigation underway into amongst others, representatives from the National Prosecuting Authority, the FSB and the curator of Fidentia.

Financial Services Board warns the public to exercise caution in dealing with Charl Hattingh and Securetbrokers CC T/A Sanvest

10 October 2014

The Financial Services Board (“FSB”) would like to warn members of the public to refrain from conducting any business or investing funds with with Charl Hattingh and Securet Brokers CC t/a Sanvest who were authorized (FSP: 12547) in terms of section 8 of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render advice and intermediary services in respect of the following products:

FSB welcomes dismissal of appeal by the Constitutional Court

10 October 2014

The Financial Services Board (FSB) is pleased to confirm that an application for leave to appeal in a matter brought by Simon Nash, CEO at Cadac, against the regulator and a number of other parties, has been dismissed by the Constitutional Court of South Africa.

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

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