Corporate Law and Governance
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.
Yesterday, the Monitoring Group issued a consultation paper setting out various options to enhance the governance, accountability and oversight of the international audit standard-setting process.
Blockchains and distributed ledger technology (‘DLT’) are becoming increasingly prevalent in industry. A recent Juniper Research survey found that 56% of companies with more than 20,000 employees were either considering deploying, or were in the process of deploying, blockchain solutions.
The Financial Conduct Authority (FCA) has brought its first enforcement action under the EU Market Abuse Regulation (MAR), which has had direct effect in the UK since 3 July 2016.
Regulation and Ethics
The question of when the South African Protection of Personal Information Act, 2013 (“POPI”) will come into force has been asked many times since the Bill was signed into law by the president on 19 November 2013.
In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.