UK parliament criticises insurance regulator for inflexible solvency requirements

By Patrick Bracher (ZA) on April 25, 2018 Posted in Insurance

The UK House of Commons Treasury select committee has produced a report criticising the EU Solvency II Directive and its impact on the UK insurance industry. Solvency II is a European directive but the UK Prudential Regulation Authority was criticised for having too much regard to the industry’s solvency rather than its competitiveness in the international market. … Continue reading

Medicines Control Council, not the courts, must classify medicines and medical devices

By Justin Malherbe (ZA) and Jarrett Whitehead on February 9, 2017 Posted in General

In December 2016 the Pretoria High Court ruled that one cannot avoid regulatory oversight by the Medicines Control Council (MCC) by declaring that a health-related product is a medical device and not a medicine. That is a determination which the MCC must make. In Omegalabs (Pty) Ltd v The Medicines Control Council and Others, the … Continue reading

Prepare for POPI – regulator shortlist

By Nerushka Bowan on April 18, 2016 Posted in General

On Wednesday, 13 April 2016, ten shortlisted candidates were named by the Portfolio Committee on Justice and Correctional Services for five positions within the Information Regulator established in terms of the Protection of Personal Information Act 2013 (POPI). The shortlisted candidates are: Advocate Pansy Tlakula Mr Johannes Weapond Mr David Taylor Adv Lebogang Stroom Mr … Continue reading