Explore the Category

Fidentia curatorship & resignation of Mr Dines Gihwala

04 July 2014

On 26 June 2014, the FSB received a written resignation from Mr Dines Chandra Manilal Gihwala as a curator of the financial services business of Fidentia Asset Management (Pty) Ltd, Bramber Alternative (Pty) Ltd and Fidentia Holdings (Pty) Ltd (Fidentia). Mr Gihwala was appointed as provisional curator of Fidentia by the Western Cape High Court on 1 February 2007 in terms of the provisions of the Financial Institutions (Protection of Funds) Act, 2001 (FI Act). His appointment was made final on 27 March 2007. As a formality, Mr Gihwala’s appointment must be cancelled by the same Court and the FSB will in due course make application in terms of the provisions of the FI Act for an appropriate order. On the same day that Mr Gihwala tendered his resignation as a Curator of Fidentia the FSB became aware of a decision handed down by the High Court which contained adverse findings against Mr Gihwala.

FSB warns the public to exercise caution when dealing with Mentor Life Cover and Investment Ltd and/or MBB Legacy Investment Group

26 June 2014

The Financial Services Board (“FSB”) would like to warn the public against conducting any business with Mentor Life Cover and Investment Ltd, its owner, Mr Lucas Mabeba and/or MBB Legacy Investment Group. Mentor Life Cover and Investment Ltd was authorized (FSP: 41338) in terms of section 7 of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render financial services in respect of the following products:

Illegal trading comes under pressure as the FSB flexes its muscles

11 June 2014

While the end results of investments is largely unpredictable, there is a lot of thought and science which goes into analysing the markets and giving the public appropriate investment advice.

Proposed directive on companies that provide exchange infrastructures to facilitate trade in their own securities

02 June 2014

Questions and Answers

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

The regulation of Hedge Funds in South Africa - Extension of deadline for public comment

22 May 2014

FSB reports that industry costs will not lead to exclusion

19 May 2014

Draft Regulations of Hedge Funds in South Africa

17 April 2014

Registrar of Short-term Insurance refers a matter against Airborne

15 April 2014

High Court dismisses AH-Vest case in favour of the FSB

14 April 2014

FSB agreement with the European Union opens doors for South African fund managers

13 March 2014

The Registrar of Collective Investment Schemes (“the Registrar”) referred a matter against Andre Cillie Capital Management (Pty) Limited (“ACCM”) to the Enforcement Committee

05 February 2014

FSB Enforcement Committee fines My Lawyer Legal Assistance

30 January 2014

« ‹ 33 34 35

37 38 39 › »

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