March 2021 Legislative Update

It’s almost time for a well-deserved break – just a few more days! With various religious and public holidays coming up, we hope you take the opportunity to regather some energy. Stay safe and healthy if you’re attending any events. We’ve gathered some light reading for the long weekends coming up. The Financial Sector Conduct…

February 2021 Legislative Update

The world continues to battle the COVID-19 pandemic, and the spotlight is now on the capabilities and mettle of our government as it tries to meet its obligation to distribute vaccines. Many of our clients, colleagues, and families have contracted the virus. Most have recovered, but I’m sure we all know someone who has succumbed…

January 2021 Legislative Update

Welcome back! We hope you’re feeling rested and ready to take on 2021. Unfortunately, it does seem as if the COVID-19 virus didn’t check its calendar, and has continued unabated. So, it looks like “more of the same” for 2021. THE FINANCIAL SECTOR CONDUCT AUTHORITY (THE FSCA) Contingent Business Interruption Insurance Cover On 23 December,…

October 2020 Legislative Update

Omega Compliance Solutions October 2020 NATIONAL TREASURY Conduct of Financial Institutions Bill (COFI) On 29 September, National Treasury (Treasury) released a second draft of the COFI Bill for further public comment. It’s been nearly two years since the first draft was provided for comment, and Treasury has said that it expects this round of comments…

August 2020 Legislative Update

Omega Compliance Solutions August 2020 Level 2! It looks like South Africa is getting through the COVID-19 mire at last. But let’s not be complacent and remember to keep to the rules (you know we love rules) – wear a mask, sanitise your hands, and avoid unnecessary contact. Stay safe! FINANCIAL SECTOR CONDUCT AUTHORITY Banking…