#FSCARoundtable
Good morning, today the #FSCA will be briefing the media on the findings of our investigation into Viceroy Research Partnership (#Viceroy).
Good morning, today the #FSCA will be briefing the media on the findings of our investigation into Viceroy Research Partnership (#Viceroy).
Today's session is held by our Commissioner, Mr. Unathi Kamlana and is joined by divisional executive: Investigations & Enforcements, Mr. Brandon Topham
#Viceroy #FSCARoundtable
#Viceroy #FSCARoundtable
Mr. Kamlana announces that following the investigation into #Viceroy's report on @CapitecBankSA , an administrative fine of R50 million has been imposed on Viceroy and its partners by the #FSCA.
#FSCARoundtable
#FSCARoundtable
"We take a dim view of #Viceroy's conduct and approach. We look to ensure all parties in our sector adhere to financial sector laws and we found that the entity fell short when they released the report. Hence our determination on this matter and fine."
#FSCARoundtable
#FSCARoundtable
Answering the question on the impact that this administrative action may have on short-selling and research, Mr. Topham makes it clear that the Authority in theory has no issue with the practice
#Viceroy #FSCARoundtable
#Viceroy #FSCARoundtable
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