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Illegitimate FSB directive revoked

 13 Nov 17
Until very recently, financial intermediaries and advisers (financial-service providers, FSPs) wishing to reappoint representatives who had been debarred from the industry,…

Irrational new regulations for minibus taxis

 18 Sep 17
Worthless and peripheral tinkering at paintwork and logos…

FAIS clearly unclear

26 Jun 17   Gary Moore
A norm cannot be regarded as a “law” unless it is formulated with sufficient precision to enable the citizen to regulate his conduct.…

FAIS: Debarring representatives violates the Rule of Law

14 Jun 17   Gary Moore
The provision of the Financial Advisory and Intermediary Services Act of 2002 (“FAIS”) that vests in employers the power and obligation to banish (“debar”) financial-services representatives from the entire industry, has the effect of discriminating…

Warning: FAIS killed off swathes of financial advice industry, failed investors – now brace for FAIS II

02 May 17   Gary Moore
The costs of the Financial Advisory and Intermediary Services Act (FAIS) have been shown to be no less than eight times what Parliament was led to believe they would be.…

New SA criminalising hate-speech bill goes too far

17 Feb 17   Gary Moore
The Department of Justice has invited the public to comment on a draft parliamentary bill containing a clause that would create an offence of "hate speech".…