B2B Central

FSB

04 May 2017

FSB confirms probe into forex futures contracts

By Janice Roberts

  The Financial Services Board’s (FSB) Department for Market Abuse, which is responsible for carrying out the mandate of the Directorate of Market Abuse (DMA), is currently conducting an investigation into possible insider trading in certain foreign exchange futures contracts before the recall of former Finance Minister Pravin Gordhan from office.
14 Feb 2017

4AX response to the FSB Appeals Board judgement

By Janice Roberts

4 Africa Exchange today issued the following statement in response to the FSB Appeals Board judgement: 4 Africa Exchange (4AX) is a responsible new entrant into South Africa’s highly respected financial markets and has an interest in keeping our markets stable and prosperous and working with all market infrastructures.
10 Feb 2017

FSB Appeal Board dismisses JSE and 4AX appeals against ZAR X licence

By Janice Roberts

Yesterday’s FSB Appeal Board judgement dismissing the consolidated appeals of the JSE and 4AX against the FSB’s granting of an exchange licence to ZAR X allows ZAR X to proceed with much needed financial market innovation. The exchange will focus on facilitating investment and savings for ordinary South Africans and providing business with a more...
27 Jan 2017

FSB warns against Marc PH Investments (Pty) Ltd

By Janice Roberts

The Financial Services Board (FSB) warns the public act with caution when dealing with Marc PH Investments (Pty) Ltd, an entity soliciting money from unsuspecting individuals.
14 Dec 2016

Retail distribution review (RDR) status update as at December 2016

By Janice Roberts

  The Financial Services Board (FSB) has published a status update on progress with implementing the proposals of the Retail Distribution Review (RDR).
13 Oct 2016

FSB warns the public against scam

By Janice Roberts

The Financial Services Board (FSB) warns the public to act with caution when receiving correspondence with the subject line “non-residential permit” purporting to be from HSBC BANK PLC. Attached to the e-mail is a fake certificate bearing the FSB’s name and logo.
04 Oct 2016

FSB dismisses JSE's urgent applicaton for suspension of decision to grant SARX exchange licence

By Janice Roberts

The Appeal Board of the FSB has dismissed the JSE’s urgent application for the suspension of the FSB’s decision to grant ZARX an exchange licence.
31 Aug 2016

FSB commends retirement fund trustees

By Janice Roberts

The Financial Services Board (FSB) has commended the efforts of the South African Retirement Funds Industry in ensuring that fund trustees are better equipped to discharge their responsibilities.
29 Jul 2016

FSB to look into JSE programming error

By Janice Roberts

On 24 July 2016 the JSE Limited advised the market that incorrect data was reported for the trading of equities by non-residents for the period 31 May to 20 July 2016. It was reported that due to a programming error affecting the manner in which statistical data is extracted from the core transactional systems, the...
01 Dec 2015

FSB imposes administrative penalties for market manipulation

By Janice Roberts

The Enforcement Committee of the FSB has imposed an administrative penalties on four respondents, for contravening Section 75 of the Securities Services Act, No 36 of 2004 (the Act).
30 Nov 2015

Approval of first CIS hedge fund offering

By Janice Roberts

The FSB has today approved the first collective investment schemes in hedge funds. The schemes, one a Qualified Investor Hedge Fund (QIHF) and the other a Retail Investor Hedge Fund (RIHF), are registered under the Novare Collective Investments management company.
02 Nov 2015

‘Let’s each do our bit in tracing beneficiaries’

By Janice Roberts

Olefile Moea, Consultant, Fairheads Benefit Services, says the beneficiary fund administrator was shocked by the Financial Services Board (FSB)’s announcement that the pool of unclaimed benefits from retirement funds sits at around R20 billion.