By Compli-Serve
Thousands of South African accountable institutions face possible administrative sanctions and financial penalties after failing to submit their compulsory 2026 risk and compliance returns to the Financial Intelligence Centre on time.
The latest FIC statistics reveal a serious compliance failure across several sectors. Directive 11, issued on 31 ...
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The FSCA has approved amendments to the JSE Equities Rules that will require authorised users to implement effective pre-trade risk filters before orders reach the JSE trading system. The revised framework also clarifies requirements applicable to trading service providers, system access, user authorisation, security controls and the management of trading-related ...
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The Financial Sector Conduct Authority has exempted responsAbility South Africa Proprietary Limited from certain financial service requirements, provided it remains a subsidiary of responsAbility Investments AG and meets specific conditions. The exemption is valid until 28 February 2030, unless amended or withdrawn, and takes effect from 21 July 2026.
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By Lee Rossini
Financial services are an essential part of the modern economy, helping individuals and businesses manage money, build wealth, and protect themselves against financial risks. Unlike physical goods such as cars, clothing or furniture, financial services are intangible. This means they cannot be seen, touched or physically possessed. Because of this unique characteristic, financial institutions must find effective ways to demonstrate the value of their services and build trust with their clients as they experience the value of these services through the expertise, advice and outcomes they receive.
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