Explore the Category

How low can we go?

28 September 2017

The legalities of water regulations in SA and how culprits can be penalised.

Personal information regulations no longer a vague consideration for businesses

27 September 2017

Draft POPIA Regulations now set clear responsibilities for business compliance.

FAIS debarment does not entitle dishonest representative to damages

27 September 2017

A financial services provider debarred an employee and representative (who had taken up other employment whilst still employed and lied about it) without giving the representative notice and a fair hearing in terms of the Promotion of Administration Justice Act (PAJA) before doing so. The representative sued for damages for lost income based on this failure of justice.

Two year insurance time-bar upheld (US)

27 September 2017

A Delaware court upheld a two year time-bar in relation to a property damage insurance claim arising from Superstorm Sandy because the action was instituted more than two years after the 2012 event and after coverage was denied by the insurer in 2013.

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