FSCA takes first steps in the regulation of crypto assets – Polity

FSCA takes first steps in the regulation of crypto assets

On 20 November 2020, the FSCA issued a draft Declaration of crypto assets as a financial product (draft Declaration) under the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act). The draft Declaration is proposed to be made in terms paragraph (h) of the definition of “financial produc…

https://www.polity.org.za/article/fsca-takes-first-steps-in-the-regulation-of-crypto-assets-2020-11-23

Insider trading: recent fines imposed by the FSCA – Polity

Insider trading: recent fines imposed by the FSCA

Recent significant fines imposed by the FSCA on Jooste and others for trading on inside information have highlighted the extensive powers contained in the Financial Markets Act and the dangers of insider trading An administrative penalty of over ZAR 240-million imposed on Markus Jooste and three oth…

https://www.polity.org.za/article/insider-trading-recent-fines-imposed-by-the-fsca-2020-11-10