The Financial Intelligence Centre (the Centre) was established in the Republic of South Africa under the FIC Act No. 38 of 2001, in February 2002. The Centre started receiving reports on suspicious and unusual transactions on 3 February 2003. The FIC Act also sets up a regulatory anti-money laundering ... More Details »
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The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures ... More Details »
The National Credit Regular was established under the National Credit Act 34 of 2005 (the Act) and is responsible for regulation of the South African credit industry. It is tasked with education, research, policy development, registration of industry participants, investigation of complaints and ensuring ... More Details »
The Twin Peaks model for financial sector regulation was proposed as a means to reform the regulatory and supervisory system in so far as it related to financial institutions. In June 2011, Cabinet approved the move towards the model which resulted in the drafting of the Financial ... More Details »
A type of short-term insurance or reinsurance policy where the contract provides for benefits relating to the risk contemplated in the contract when these risks are not specifically covered under any of the other types of policies defined under the Short-term Insurance Act. The eight classes of policies defined in the Short-term Insurance Act comprises: _ accident and health; _ engineering; _ guarantee; _ liability; _ miscellaneous; _ motor; _ property; ...