The Financial Sector Conduct Authority (the FSCA) has imposed an administrative penalty of R100 000 on JP Markets SA (Pty) Ltd (JP Markets) for contravening section 2 of the Over-the-Counter Derivative Provider (ODP) Regulations.
"The provisional withdrawal of SAM’s FSP license means that SAM may not render any financial services to clients, and on behalf of any financial product provider, as contemplated in section 3 of Financial Sector Regulation Act, No. 9 of 2017…
"The FSCA remains committed to playing its part in promoting financial sector transformation. We are grateful to all those who provided inputs into our draft strategy, which were considered and taken into account in revising the document.,"…
"The project was triggered by the realisation in 2007 that an estimated 13 000 funds were registered but just over half of them managed to submit their annual financial statements and some with discrepancies," says the Financial Sector Conduct…
"IC Markets confirmed they are not associated with the impersonators and that these scammers are using their brand name, logos and trademark without permission to offer investment opportunities and dupe the public," says the FSCA.
“The finalisation of the comparability criteria, through a robust and transparent process, marks further progress toward our commitment to assess whether the AM provides comparable outcomes to the ICS”, said Vicky Saporta, IAIS Executive Committee…
"Fraudsters, who have no intention of keeping to their end of the deal, continue requesting additional funds when they start receiving payments from unsuspecting victims resulting in victims suffering much frustration and significant financial…
"The things that pertain to our mandate as the FSCA have largely been attended to. So as an authority in charge of supervising the conduct of financial players in SA, we are satisfied that our systems and processes are rigorous enough to monitor…
The Financial Sector Conduct Authority (FSCA) has issued a warning to the public against a fraudulent and malicious entity or individual(s) impersonating the regulator.
In a statement issued this morning, the FSCA said it would like to warn the public to be cautious of an individual by the name of Nombuso Ndlovu, who is presenting herself as a trader employed by Prescient Investment Management (Pty) Ltd (Prescient).
The Panel will engage with the FSCA on a regular basis, providing inputs and guidance on matters related to supervision, regulation, enforcement, research and policy development.
The Financial Services Conduct Authority (FSCA) has announced that it has issued a revised penalty of R20 million to Mr Markus Jooste in line with the Financial Sector Tribunal’s decision on Insider Trading regarding Steinhoff International…
The Competition Commission (Commission) has announced that it will from 29 November 2022, embark on a two-day roadshow in two provinces to raise awareness about the Guidelines for Competition in the South African Automotive Aftermarket (Automotive…
The Financial Sector Conduct Authority (FSCA) has today warned the public to be cautious when conducting financial business with MiWay Team Mining (Team Mining).
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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