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Compliance - Regulatory

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FSCA warns the public against International Legal Financial Conduct Authority

FSCA warns the public against International Legal Financial Conduct Authority

The Financial Sector Conduct Authority (FSCA) warns the public about the existence of an entity that has cloned the FSCA’s website.

Two FSCA Divisional Executives set to retire

Two FSCA Divisional Executives set to retire

Jurgen Boyd, Divisional Executive for Market Integrity Supervision, and Marius du Toit, Divisional Executive for Specialist Support are set to retire after many years of service at the Financial Services Conduct Authority (FSCA).

Shrug off your POPI fatigue to ensure data protection compliance

Shrug off your POPI fatigue to ensure data protection compliance

04 November 2020 | General

Local financial services businesses have been urged to wake from their Protection of Personal Information (POPI) Act slumber and begin implementing the changes in data collection, management, processing and storage necessary for compliance. A recent POPI seminar, hosted by Compli-serve and presented by Elizabeth de Stadler of Novation Consulting, revealed that many firms suffered from POPI Act fatigue due to the drawn-out implementation of the legislation. The Act was signed into law in 2014; it took until 2016 for the Information Regulator to be established; and the first regulations only saw the light of day in 2018. But the final push for POPI compliance is now underway.

FSCA issues public warning against Funeral Assist 24

FSCA issues public warning against Funeral Assist 24

The Financial Sector Conduct Authority (FSCA) warns the public to act with caution when dealing with Funeral Assist 24. The FSCA suspects Funeral Assist 24 of conducting unauthorised financial services business and breaching various financial sector laws.

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FSCA issues public warning against Majestic Funeral Insurance

FSCA issues public warning against Majestic Funeral Insurance

The burden of proof

The burden of proof

02 November 2020 | Short Term Ombudsman
FSCA fines Mr Markus Jooste and three others around R241 million for insider trading related breaches

FSCA fines Mr Markus Jooste and three others around R241 million for insider trading related breaches

FSCA conducts search operations at premises of Mirror Trading International

FSCA conducts search operations at premises of Mirror Trading International

Enhanced due diligence

Enhanced due diligence

27 October 2020 | General
FSCA awarded judgement in matter pertaining to Public Protector’s flawed Report

FSCA awarded judgement in matter pertaining to Public Protector’s flawed Report

FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020) and debars Ms. Jane Engelbrecht

FSCA withdraws the license of Basfour 3773 (Pty) Ltd t/a Oinvest (FSP 42020) and debars Ms. Jane Engelbrecht

Digitalisation could derail FSCA plans for wider access to financial services

Digitalisation could derail FSCA plans for wider access to financial services