The Financial Services Tribunal will be complying with President Cyril Ramaphosa’s enforcement of the nationwide lockdown (and various levels thereof) which came into effect at midnight on 26 March 2020 in accordance with the earlier declaration of COVID-19 as a national disaster in terms of the Disaster Management Act.
The Financial Sector Regulation Act 9 of 2017 (“the FSR Act”) establishes the independent Financial Services Tribunal (“the Tribunal”) in terms of section 219 thereof. The Tribunal replaced the FSB Appeal Board and came into effect on 1 April 2018. Upon application by aggrieved persons, the Tribunal reconsiders decisions of decision-makers as defined in terms of section 218 of the FSR Act and performs the other functions as conferred on it by the Act and specific financial sector laws.
In line with the Ministerial regulations published on 29 March 2019 (Gen N 196 - GG 42359) as from 1 April 2018 until the commencement of legislation that empowers the imposition of levies as contemplated in section 237 (1)(b) of the FSR Act, the Financial Sector Conduct Authority (“the FSCA”) must provide financial, secretarial, administrative and other support to the Tribunal.
As from 1 August 2019, the Tribunal will be operating from its new Pretoria premises at Kasteel Office Park. All Tribunal hearings will take place at these new premises. Kim Host and Alitah Morudu have been deployed by the FSCA in order to continue rendering the secretariat support to the Tribunal in accordance with the Ministerial regulations. New Tribunal Rules have been published.
Financial Services Tribunal new address details:
Kasteel Office Park
Orange Building (2nd Floor)
546 Jochemus street
P O Box 36742
Reception: (012) 741 4300
Kim Host: (012) 741 4302
Alita Morudu: (012) 741 4303
Fax: (012) 740 0001