The Financial Sector Conduct Authority (FSCA) has, in terms of Section 60(1) of the Financial Markets Act (FMA), suspended the exchange licence of financial institution ZAR X, effective from August 20. The suspension resulted from ZAR X’s noncompliance with Section 8(1)(a) of the FMA, read with Regulations 8 and 43(2) of the FMA Regulations, which relate to the liquidity and capital adequacy requirements of an exchange.
from Engineering News | Home https://ift.tt/3kkhQgn
