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

IOSCO has released its Final Report on Investor Education regarding crypto-assets, highlighting the risks of investing in volatile crypto-assets, particularly due to low barriers to entry, social media influence, and fraud.

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.

Kenya’s Central Bank rolls out a revised Risk-Based Credit Pricing Model, reshaping how banks calculate lending rates for Shilling-denominated loans.

The South African Revenue Service (SARS) reviewed its VAT registration process in May this year, following an unusual increase in the number of VAT registrations and a significant spike in suspicious registrations. With immediate effect, SARS implemented changes to the VAT registration process in order to scrutinise new VAT registration applications more stringently.