Following recent legislative amendments to the Financial Services Act (FSA) and the Financial Services (Framework for the Imposition of Administrative Penalties) Rules (AP Rules), the FSC has revised the Settlement Framework accordingly.
Key updates reflect:
• Legislative changes introduced under section 53A of the FSA
• Circumstances where settlement may no longer be considered by the Commission
• New settlement discounts available under the AP Rules
The FAQ on the Settlement Framework has also been updated to align with these revisions.
📅 Date of Communiqué: 22 December 2025
🔗 Related links:
• Updated Settlement Framework
• Updated FAQ on the Settlement Framework
👉 Read the full FSC communiqué and updated framework here: https://lnkd.in/eeiRJ6jw
💡 What this means:
Regulated entities should familiarise themselves with the revised settlement conditions and discount mechanisms, particularly where administrative penalties may arise. Understanding the updated framework is essential when assessing enforcement exposure and regulatory strategy.
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