With the southern hemisphere’s winter solstice behind us, it’s almost time to start looking towards the year-end break we all deserve. There’s still some time to get through a few of the planned or actual changes in the legislation though. THE FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA) Competence register update deadline A quick reminder that FSPs…
As South Africa moves into its short period of chill we like to call “winter”, the various regulators are keen to keep us busy! Busy people are always warm, so we recommend you get a head start on the legislative and economic activity noted this month. Draft national AI policy The Department of Communications and…
If it feels like the regulatory environment has hit “cruise control” in 2026, it’s only because the speed keeps increasing. From the long-awaited progress of the COFI Bill to ever more detailed guidance from the Financial Intelligence Centre, there’s certainly no shortage of developments competing for attention. And just when it seems like frameworks are…
It’s that time of year in South Africa; no, not autumn – it’s school sports festival time! You might only see us again in May… However, our regulators have decided to keep us pretty busy with various draft changes to legislation – clearly they’re not sports fans. From changes in the anti-money laundering frameworks to…
We’re well and truly into 2026 and it’s proving to be an “interesting” year in the financial services industry given the shifting global economic landscape and South Africa’s small role in it (lest our politicians forget their very minor relevance on that scale). As usual, we have summarised the events and legislation we think are…
It looks like December was all “fine” in the wrong sense as the FSCA took serious action against entities and individuals. While progress may not always be immediately visible, bringing criminals to book requires methodical and careful work. THE FINANCIAL SECTOR CONDUCT AUTHORITY (FSCA) FSCA imposes record penalties and debarments on Banxso and key individuals…