| 3/31/2022 | Contravention of Section 167 of the Financial Sector Regulation Act No.9 of 2017
| Tempest Trading (Pty) Ltd and Storm Elisio
| An administrative penalty of R200 000 on Elisio and R200 000 on Tempest Trading
| Copy of Order | |
| 3/31/2022 | Contravention of Section 167 of the Financial Sector Regulation Act No.9 of 2017
| | An administrative penalty of R10million
| Copy of Order | |
| 3/31/2022 | Contravention of Section 167 of the Financial Sector Regulation Act No.9 of 2017
| | An administrative penalty of R500 000
| Copy of Order | |
| 3/31/2022 | Contravention of section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
| | | Copy of Order | |
| 3/31/2022 | Contravention of section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
| | | Copy of Order | |
| 2/22/2022 | Contravention of Section 167 of the Financial Sector Regulation Act no.9 of 2017
| Pioneer FX (PTY) LTD
Mr Quintin Moorcroft
| An administrative penalty of two million Rand (R2 million) – jointly payable.
| Copy of Order | |
| 2/22/2022 | Contravention of section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
| | | Copy of Order | |
| 12/15/2021 | Contravention of section 167 of the financial sector regulation act no.9 of 2017
| Smart Bold (PTY) LTD and Mr Nkanyiso Oscar Ndlovu
| An administrative penalty of R50 000
| Copy of Order | |
| 8/30/2021 | Contraventions of Section 81(1) and 81 (2) of the Financial Markets Act 19 of 2012 (FMA).
| Viceroy Research Partnership
Aiden Lau
Fraser John Perring
Gabriel Bernarde
| An administrative penalty of fifty million Rand (R50 million) - jointly and severally payable.
| Copy of order | |
| 7/30/2021 | Failure to comply with para 42(1) of the Determination of Fit and Proper Requirements for Financial Services Providers, 2017.
| | An administrative penalty of R 800 000 inclusive of costs.
| Copy of Order | |
| 7/1/2021 | Administrative penalty order in terms of Section 167 of the Financial Sector Regulation Act No.9 of 2017
| | Administrative penalty of R7 062 589.00 (inclusive of costs)
| Copy of Order | |
| 6/30/2021 | Section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
| | | Copy of Order | |
| 5/28/2021 | Contravened section 49A (a) to (d) of the Long-term Insurance Act No. 52 of 1998, Contravened Rule 5.1 (a)(i) and Rule 16.1 (a) and (b) of the Policy Holder Protection Rules and section 2(1) of Board Notice 158 of 2014. | African Unity Life Limited |
An administrative penalty of R300 000. | copy of order | |
| 5/10/2021 | section 153(1)(a) of the Financial Sector Regulation Act, 2017 (FSR Act)
| | | Copy of Order | |
| 5/10/2021 | Contravened Section 167 of the Financial Sector Regulation Act 9 of 2017
| Forint Investment Solutions cc ta Oyster Portfolios and Janos Torok
| Administrative penalty of R7 million inclusive of costs.
| Copy of Order | |
| 5/7/2021 | Section 7(1) of the Short-Term Insurance Act, No 53 of 1998
| | Debarment Order & Administrative Penalty R5 million
| Copy of Order | |
| 5/4/2021 | Contravened section 167 of the Financial Sector Regulation Act 2017 Act No. 9 of 2017 (“FSRA”)
| | Administrative penalty R100 000.00
| Copy of Order | |
| 3/16/2021 |
Contravened sections 13(3) of the Financial Advisory and Intermediaries Service Act No. 37 of 2002 (FAIS Act)
Contravened condition 3 of its licence as well as section 2, 3(1), 9, 10 and 11 of the General Code of Conduct for Authorised Financial Services Providers and Representatives, 2003. |
Vesticento CC t/a Mutual Direct Group Funeral Benefits (FSP
No. 45161)
Mr Pieter McMaster
Mr Martin Ferguson |
Licence of Vesticento CC t/a Mutual Direct Group Funeral
Benefits (FSP No. 45161) withdrawn
Administrative penalty of R17 730 465
Debarment order
| copy of order | |
| 3/4/2021 | In terms of section 88 of the Financial Advisory and Intermediary Services Act 37 of 2002 (the FAIS Act) read with section 96 of the Financial Markets Act 19 of 2O12 ("FMA")
| Justin George Paulsen and and JP Markets
| Business Rescue application was dismissed with costs.
| Copy of Judgement | |
| 2/15/2021 | Contravened Section 167 of the Financial Sector Regulation Act 9 of 2017
| Southern Africa Funerals Assurance Services Holdings (Pty) Ltd and Mr Ryno Delport
| Administrative penalty of R 50 000
| Copy of Order | |
| 2/4/2021 | Contravened Section 167 of the Financial Sector Regulation Act 9 of 2017
| | Administrative penalty of R100 000.00
| Copy of Order | |
| 12/17/2020 | Contravened section 7(1) of the Long-Term Insurance Act No. 52 of 1998 and section 5(1) of the Insurance Act No. 18 of 2017
| Dikwena Funeral Parlour (Pty) Ltd
| R3.9 million (inclusive of costs)
| Copy of Order | |
| 12/17/2020 | Section 153(1)(a) and 153(2) of the Financial Sector Regulation Act No. 9 of 2017 (FSR Act)
| | | Copy of Order | |
| 10/30/2020 | Section 78 (1) (a) of the Financial Markets Act
| Marthinus Jaco Swiegelaar
| An administrative penalty R18 328 was imposed in terms of section 167 of the Financial Sector Regulation Act, 2017 (the FSR Act).
| Copy of Order | |
| 10/30/2020 | Section 78 (2) (a) of the Financial Markets Act
| Gerhardus Diedericks Burger
| An administrative penalty R3 002 630 was imposed in terms of section 167 of the Financial Sector Regulation Act, 2017 (the FSR Act).
| Copy of Order | |
| 10/30/2020 | Section 78 (1) (a) of the Financial Markets Act
| Ocsan Investment Enterprise (PTY) Ltd
| Administrative penalty of R115 867 122 was imposed in terms of section 167 of the Financial Sector Regulation Act, 2017 (the FSR Act).
| Copy of Order | |
| 10/30/2020 | Section 78 (4) (a) and section 78 (5) of the Financial Markets Act
| | Administrative penalty of R161 568 068 was imposed in terms of section 167 of the Financial Sector Regulation Act, 2017 (the FSR Act).
| Copy of Order | |
| 10/14/2020 | Basfour contravened section 7(1)(a) and 13(3) of the FAIS Act, section 2 and 11 of the General Code of Conduct for the Authorised Financial Services Providers and Representatives- Board Notice 80/2003 and section 3(b) to (e), (h) and (i) of the Code of Conduct for Authorised Financial Services Providers and their Representatives
| Basfour 3773 (Pty) Ltd Trading as Oinvest
| Administrative penalty of R58 608 810 was imposed
| Copy of Order | |
| 9/23/2020 | Section 7 (1) of the Financial Markets Act
| | | Copy of Order | |
| 9/18/2020 | Section 7(3) of the Financial Advisory and Intermediary Services Act, 37 of 2002, (“the FAIS Act”) and/or Section 8A of the FAIS Act and/or Section 13(2)(a) and (b) of the FAIS Act, and/or Section 2 of the General Code of Conduct for authorised FSPs and Representatives (“the General Code”)
| | n administrative penalty of R30 000.00 was imposed in terms of section 167 of the Financial Sector Regulations Act, 2017 (the FSR Act)
| Copy of Order | |
