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Once implemented on 1 May, undoing the VAT hike could prove nearly impossible. Even if Parliament later votes against the Rates and Monetary Amounts Bill, the logistics of refunding the collected VAT present formidable challenges.

With Joint Standard 2 on cybersecurity coming into force on 1 June, the Prudential Authority emphasises the need for financial institutions to bolster resilience, share intelligence, and prepare for inevitable cyberattacks.

One of the sanctioned FSPs says it’s important to request virtual meetings with the FSCA after each feedback round to ensure all compliance expectations are met.

Critics say the rules on firearm use and ammunition limits will make it difficult to protect lives and property effectively.

The FSP used an email address it obtained from a credit bureau, but the rep denied this address belonged to her.

The FSCA’s latest Notice of the recognised qualifications replaces previous notices from 2021 and 2023.

The report outlines the CASP sector’s vulnerabilities and provides guidance on how enhanced compliance and improved risk management can help to safeguard the industry.

Industry leaders at the SAVCA Private Equity Conference unpacked the evolution of private credit, its opportunities, and South Africa’s place in global markets.

Many South Africans assume their SA will covers their UAE assets, but without proper cross-border estate planning, legal complications and delays can arise.

Watch Moonstone Update for an overview of some of the stories covered in the past week's Moonstone newsletters.

In this week's episode:

• New website will change the way FSPs interact with the FSCA
• Moonstone Information Refinery marks 25 years of innovation and expertise
• Life insurers pay a record R639 billion in 2024
• FSCA probes complaint processes amid surprisingly low filing rates
• FSP pays R50 000 settlement because of missing record of advice
• Major setback for medical schemes in legal battle over low-cost options
• CMS extends exemption for primary healthcare policies