From CompliNEWS | Financial Service Intelligence Watch

Latest Financial Services Tribunal decisions

The Financial Services Tribunal has released the following Decisions in the last week or so.

Decision – Mandy Ronel Burns v OUTsurance Insurance Company Limited Case No: FSP32/2022

Fairness of debarment proceedings

Decision – ML Asset Management (Pty) Ltd v PFA and Others Case No: PFA41/2022

The application for reconsideration raises critical issues relating to the extent of the PFA’s authority to extend the scope of an enquiry beyond the exact terms of a complaint and, if the PFA has such authority …

Decision – Siyethemba Sinothile Ngobese v Liberty Group Limited Case No: FSP5/2022 Fairness of debarment proceedings

Decision – Aida Nomasonto Mazibuko v Sanlam Developing Markets Ltd Case No: FSP2/2022 Procedural fairness of the debarment proceedings

Consent Order – Appolloxi Funeral Services (Pty) Ltd v FSCA Case No: A48/2022

The Respondent’s decision taken on 30 September 2022, to withdraw the Applicant’s license is set aside and referred back to the Respondent for further consideration in terms of section 234(1)(a) of the FSR Act.

Decision – Sinegugu Nokuzola Masuku v Telesure Investment Holdings (Pty) Ltd (obo 1Life Insurance Ltd) Case No: FSP40/2022

Consent Order – Zimba Funeral Directors CC v FSCA Case No: A42/2022

Consent Order – All Glorie Trading Enterprise (Pty) Ltd Case No: A32/2022