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FSPs under close regulatory scrutiny

12 December 2023

Love them or hate them, crypto assets are here to stay. As we enter 2024, the experts estimate that more than 5.8 million South Africans already have some exposure to crypto assets, with this number forecast to grow to 26.4 million by 2030. And with Bitcoin once again testing the USD40 000,00 per ‘coin’ level, and lifting a wide basket of cryptocurrencies with it, you can expect renewed interest in the asset class entering 2024.

FSCA updates on BHI Trust matter

09 November 2023

Following the media release issued by the FSCA on 27 October 2023, the FSCA has received further media enquiries regarding the BHI Trust matter. These enquiries include requests for details of the FSCA’s investigation, its findings, and parties involved.

FSCA finances in the spotlight

26 October 2023

The Financial Sector Conduct Authority (FSCA) has upped the ante in the annual reporting stakes with the publication of its first-ever integrated annual report. According to the authority, the FSCA 2022-23 Integrated Annual Report allows it “to provide stakeholders with a balanced and holistic view of its performance and broader impact over the past financial year [with due consideration of] risks, opportunities and relevant socioeconomic, environmental and technological factors”.

FSCA launches its new Trustee Training Toolkit e-learning platform

28 September 2023

The Financial Sector Conduct Authority (FSCA) has launched the first eleven modules of the newly revamped Trustee Training Toolkit (TTK/toolkit) e-learning platform.

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

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