Financial Sector Conduct Authority v Financial Services Tribunal and Others (009838/2023)
Financial Sector Conduct Authority v Financial Services Tribunal and Others (009838/2023) [2025] ZAGPPHC 675 (9 July 2025)
The court held that the FSCA may impose administrative penalties on peregrini under section 167 of the Financial Sector Regulation Act where the requirements of the section are satisfied and there is a sufficiently close connection between the conduct and South Africa. The court found that service of notice by any means, including electronic means, is sufficient to establish jurisdiction over peregrini for regulatory purposes. The common law was developed to reflect modern digital realities and the public interest in regulating cross-border financial misconduct. The majority decision of the T…
Source excerpt
- Financial Sector Regulation Act
- Jurisdiction Over Peregrini
- Administrative Penalties
- Service Of Process
- Development Of Common Law