Amieè Webber
FSCA Notice of 11 May 2023: Exemption relating to Crypto Asset FSPs
Following public consultation process, the Financial Sector Conduct Authority (“FSCA”) on 11 May 2023 released FSCA Communication 16 of 2023
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Anja Wessels
Apr 24, 20234 min read
“Gone Fishing” - Setting aside a Subpoena Duces Tecum
Being faced with a subpoena duces tecum can be daunting. The recipient often feels as if the only two options available to them are to...
400 views
Anja Wessels
Feb 10, 20232 min read
Rise Of The “Finfluencers”: When Marketing Becomes Financial Advice
With an 18.8% annual growth in value from 2021 to 2022, it is undeniable that the influencer marketing industry is a growing, profitable...
160 views
Amieè Webber
Feb 8, 20232 min read
FSCA Calls for Submission Of Information From CASPs by 15 February 2023
The Financial Sector Conduct Authority (“FSCA”) has recently released “FSCA Information Request 7 of 2022 (FAIS) - Crypto Asset Related...
221 views
Tayla Beaumont
Feb 2, 20232 min read
CASP’s considered “Accountable Institutions” in FIC Amendment from 19 December 2022
Recent developments surrounding crypto assets in the regulatory sphere have begun to commence quickly since the declaration of October...
110 views
Robyn Haupt
Nov 16, 20222 min read
Cash Transaction Report (“CTR”) Threshold Increases to R50 000
According to the amended MLTFC Regulations, the new CTR threshold will be R50 000, as opposed to the current CTR of R25 000.
184 views
Tayla Beaumont
Oct 20, 20222 min read
Crypto Assets Declared a Financial Product by the Financial Sector Conduct Authority
A highly anticipated and groundbreaking moment has come to pass in the South African FinTech regulatory sphere, as the Financial Sector...
565 views
Keegan Shaw
Oct 17, 20223 min read
High Court ruling has massive impact on marriage regimes and divorce law in South Africa
On 11 May 2022, the Gauteng High Court handed down a judgement in the matter of Greyling v Minister of Home Affairs and Others, declaring...
260 views
Robyn Haupt
Sep 26, 20223 min read
TOP INSURANCE COMPANIES UNDER INVESTIGATION BY THE COMPETITION COMMISSION FOR COLLUSIVE PRACTICES
On 25 August 2022, the Competition Commission of South Africa (“Commission”) raided eight insurances companies, as the Commission has...
180 views
Tayla Beaumont
Sep 12, 20222 min read
SARB Guidance Note Approves Bank’s Risk-Based Approach to Crypto Asset Service Providers
On 15 August 2022, the South African Reserve Bank (“SARB”) released a Guidance Note (G10/2022) to all South African banks, branches of...
138 views
Darren Hanekom
Jan 24, 20214 min read
FSCA DRAFT DECLARATION – Passing the Regulatory Buck to Crypto Exchanges
Decentralised distributed ledger technology will go down as one of the most innovative endeavours of the modern information age.
213 views
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