Old Mutual Life Assurance faced sanctions and penalties for non-compliance with FIC regulations, impacting its reputation and investor confidence.

The FSC’s latest Guidance Notes set out a comprehensive framework to ensure AI is used ethically and responsibly across Mauritius’ financial sector. The principles emphasise governance, fairness, transparency, and security—aiming to unlock AI’s benefits while protecting consumers and strengthening institutional trust.

The FCA has expressly acknowledged the overlap between the FCA’s existing MiFID II-derived rules on the manufacture of investment products in its Product Intervention and Product Governance Sourcebook (PROD) and the new Consumer Duty provisions on manufacturer product governance arrangements.

The South African Reserve Bank and the South African Foreign Exchange Committee have introduced a public register for FX market participants to demonstrate their commitment to the FX Global Code. The initiative aims to strengthen transparency and promote good market conduct across South Africa and the SADC region.

In a significant tax law decision, the Constitutional Court has delivered its first interpretation of South Africa's General Anti-Avoidance Rules. This article explains the judgment, why it matters, and the implications for investors, financial institutions, and future tax planning.