Compliance - Regulatory

A spate of regulatory amendments

The journey to fully achieving all the Treating Customers Fairly (TCF) principles has been a long and ongoing one, which started on 31 March 2011 when the Financial Services Board (FSB), now the Financial Sector Conduct Authority (FSCA), published the TCF Roadmap.

FSCA issues public warning against Scotty’s Funeral Parlour

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Scotty’s Funeral Parlour. The FSCA suspects Scotty’s Funeral Parlour of conducting unauthorised financial services business and breaching various financial sector laws.

The FSCA’s current position on Contingent Business Interruption Insurance

Adjudicator rules employer is entitled to pension deduction after double salary payments

The Deputy Pension Funds Adjudicator, Advocate Matome Thulare, has ruled that an employer was entitled to claim a deduction for double salary payments made to the complainant for over two years.