591 results found

South Africa's Financial Sector Conduct Authority published the Declaration of Crypto Assets as a Financial Product under the Financial Advisory & Intermediary Services Act 2002 on 19 October 2022.

Raju Jaddoo, Ocorian's AMEA Non-Executive Director, shares his insights on Prosper Africa, a new US-led initiative unveiled in June at the Business Summit organised by the Corporate Council on Africa in Mozambique.

With effect from 19 December 2022, schedule 1 to the Financial Intelligence Centre Act, 38 of 2001 (FICA) was amended to include persons who provide credit in the list of accountable institutions in schedule 1 of FICA. Item 11(a) and item 11(b) list two types of persons who provide credit which are scoped in as accountable institutions.

Environmental, social and governance ("ESG") considerations are moving into the mainstream, both globally and in South Africa.

In lending transactions, the placement of the interest rate clause within loan and security documents is an important decision that affects legal clarity, enforceability, borrower protections, and market practice

The Presidential Decree amends Presidential Decree No. 207/21 of 31 August, updating the measures to prevent and control the spread of the SARS-CoV-2 virus and COVID-19...

The National Credit Act 34 of 2005 (the "Act") regulates the extension of credit in South Africa and aims to protect consumers against unscrupulous credit providers.

When entering into settlement discussions, the content of your discussions and subsequent correspondence is of the utmost importance.

The Supreme Court of Appeal handed down judgment today, 28 September 2017, in the matter of Pather v Financial Services Board.

On 11 April 2023, the UK Government confirmed the inclusion of a new "failure to prevent fraud" in the Economic Crime and Corporate Transparency Bill ...

In the aftermath of the financial crisis, the Basel Committee on Banking Supervision embarked on a program of substantially revising its existing capital adequacy guidelines; the resulting framework is known as ‘Basel III’.

Settling the balance is not the finish line; the bond must be cancelled before you transfer or refinance. We handle notice, figures, and lodgement so the mortgage falls away on cue.

This is a move to increase control and regulation over what was a largely unregulated OTC derivatives market.

The JSE Limited ("JSE") undertook the ‘Rejuvenation Project' that included, among other things, a review of the composition and appropriateness of Section 19 (Specialist Securities)...

South Africa's Financial Intelligence Centre has issued Guidance Note 7B, updating the risk-based approach under FICA with important clarifications on proliferation financing, new technology risks, and due diligence...

South Africa's Market Practitioners Group has formally endorsed the development of Term ZARONIA, a forward-looking reference rate designed to replace JIBAR before its year-end 2026 discontinuation.

Once enacted, the much-anticipated Conduct of Financial Institutions Bill (COFI) will introduce a significant shift in the legislative and regulatory landscape of South Africa's financial services sector.