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Monday 19 February, 2018
The official Financial Regulation Journal of SAIFM
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Overhaul of financial provision regime takes a step in the direction...

The publication of the Financial Provision Regulations for Prospecting, Exploration, Mining or Production Operations by the Minister of Environmental Affairs on 20 November 2015 (2015...

Another ruling on share schemes, but questions remain

The South African Revenue Service (SARS) published Binding Private Ruling 290 (Ruling) on 24 January 2018.

IOSCO consults on proposed policy measures to protect investors of OTC...

The International Organization of Securities Commissions (IOSCO) has issued today a consultation report proposing policy measures for its members to consider when addressing the risks arising from the offer and sale of OTC leveraged products to retail clients.

The finer details of asset-for-share transactions

The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company. Binding Private Ruling 287 is a good illustration that the provisions of this roll-over relief measure requires detailed consideration before it can be concluded that it applies to a transaction.

Mozambique: Arbitration agreement on contracts entered into by public enterprises

The Public Enterprises Law no.6/2012 of 8 February restrains the arbitration agreement in contracts entered into by public enterprises, by setting out that “it is up to the judicial courts to undertake the trial of all disputes in which a public company is a party thereof, including measures to enforce civil liability for acts of the bodies thereof, as well as the assessment of the civil liability of the its members towards the said company”.

13th BCBS-FSI High-level Meeting for Africa on “Strengthening financial sector supervision...

The Bank for International Settlements (BIS) published a press release on 26 January 2018 with regards to the meeting on strengthening financial sector supervision...