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18 October 2019 Financial Service Intelligence Watch

Legislative Changes and Developments


PAIA and PAJA rules: procedure for application to court

New rules under the Promotion of Access to Information Act 2 of 2000 (PAIA), for the 'procedure for application to court' were published on 4 October 2019, effectively coming into operation on 4 November 2019, for all applications regarding decisions of information officers or relevant authorities of public bodies or heads ...

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News from the Regulators


FSCA Alert regarding investing via Whatsapp

The Financial Sector Conduct Authority (FSCA) warns the public against doing any financial services business with Worldwide Investments. Worldwide Investments is not authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act) to render any financial advice and intermediary services.

The said entity uses a WhatsApp ...

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Enforcement News


Relevant Rulings


Local News


FSCA raid - two judges rubbish Survé claim of Gordhan link

Legalbrief Today Issue 4802

As the battle between media baron Iqbal Survé and Public Enterprises Minister Pravin Gordhan becomes increasingly vitriolic following last week’s FSCA raid on the offices of Sekunjalo, a company chaired by Survé, two judges have rubbished allegations run in his weekend newspapers that they had links ...

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PIC rebuffs Survé’s ultimatum on court threat

Legalbrief Today Issue 4805

The war of words between the Public Investment Corporation (PIC) and Sekunjalo Investment Holdings chair Iqbal Survé intensified on Wednesday, with the state-owned asset manager rebuffing Survé’s ultimatum that it withdraw comments it made in Parliament or face court action. A Business Day report says the ...

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Proposal to revamp global tax to be finalised next year

Legalbrief today Issue 4803

The international tax world is facing another major shake-up once the new rules on the taxing rights of income generated from cross-border activities are finalised, says a Business Day report. The final report from the Organisation for Economic Co-operation and Development (OECD) on the tax challenges ...

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International News


UK's FCA's view on diversity and inclusion

The Financial Conduct Authority (FCA) in the UK has published a speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, on 'Class, cliques and social codes: doing more on diversity.'

Highlights

  • The UK's FCA sees diversity and inclusion (D&I) as a mainstream business issue that speaks ...
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Latest expectations for firms on Brexit

The Financial Conduct Authority (FCA) and regulated firms in the UK have been taking steps to prepare in the event the UK leaves the EU on 31 October 2019 without a deal. Today the FCA has issued an update on steps certain firms need to take. The FCA is aware ...

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Proposal to revamp global tax to be finalised next year

The international tax world is facing another major shake-up once the new rules on the taxing rights of income generated from cross-border activities are finalised, says a Business Day report. The final report from the Organisation for Economic Co-operation and Development (OECD) on the tax challenges facing countries in an ...

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Compliance Focus


How to implement an effective ethics and compliance committee

By Michael Volkov

Most compliance programmes include some form of internal compliance committee separate from the company’s audit committee. An internal compliance committee can play a very important role in advancing a compliance programme. But there are a number of pitfalls in how such committees are organized and how they ...

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Working Smart


Planning a client event

By Lee Rossini

One of the marketing tools I have discussed in a past article is hosting client events.  It is a waste of money, time and resources to host an event without planning it properly. The first step to a successful event is to make sure it is ...

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Working Smart

By Lee Rossini

One of the marketing tools I have discussed in a past article is hosting client events.  It is a waste of money, time and resources to host an event without planning it properly. The first step to a successful event is to make sure it is an event your identified audience would like to attend. Existing or prospective clients who are invited to an event should be curious, interested and see the value in attending. 

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