Corporate Law and Governance
Given the political and economic uncertainty in South Africa, foreign lenders are becoming increasingly focused on the type of security available in South Africa...
The precarious position that South Africa’s economy finds itself in, following the recent downgrade by ratings agency S&P should be used as a catalyst by institutions such as pension funds to ward off systemic failure.
All AIM companies must obtain a Legal Entity Identifier ("LEI") code from the London Stock Exchange (the "LSE") by 30 November 2017.
Basel Committee on Banking Supervision publishes final guidance examining the implications of fintech on...
On February 19, the Basel Committee on Banking Supervision (BCBS), the primary global standard setter for the prudential regulation of banks, released its final report, “Sound Practices: Implications of fintech developments for banks and bank supervisors.”
Regulation and Ethics
Previously, the key individuals and representatives (as defined in the Financial Advisory and Intermediary Services Act, 2002 (FAIS)) of authorised financial services providers licensed under FAIS, were required to comply with the fit and proper requirements set out in The Determination of Fit and Proper Requirements for Financial Services Providers published under Board Notice 106 of 2008 (Old Fit and Proper Requirements).