Compliance - Regulatory

The FSB responds to allegations of wrongdoing

Bad tricks won’t solve advice gap

Brokers spend a great deal of time and effort planning for their clients’ future and assessing their long-term goals. However, there are the few who continue to create a bad effect on the efforts of others.

FSB warns the public against people purporting to be from Champion Finance

The Financial Services Board (FSB) would like to warn the public to act with caution when dealing with people purporting to be from Champion Finance. Champion Finance, FSP 46006 is authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render any financial advice and intermediary services.

Financial Services Board publishes draft conditions for pension fund investments in hedge funds

Pension funds have until 29 January 2016 to comment on the draft conditions that have been published by the Registrar of Pension Funds regarding pension fund investments into hedge funds. This is according to a Bowman Gilfillan Africa Group senior associate in the Banking and Financial Services Regulatory practice area, Naticia Chetty.