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On 26 May 2021, President Ramaphosa signed the Cybercrimes Bill into an Act of Parliament and a law of the Republic of South Africa as the Cybercrimes Act 19 of 2020 (Cybercrimes Act).
With the relevant sections of the regulations issued under the Protection of Personal Information Act (POPIA) in relation to information officers' duties and responsibilities coming into effect on 1 May 2021, and the Information Regulator having provided an indicative date of 1 May 2021 by when its intended online registration process would be available, your planning in relation to the registration of information officers and deputy information officers and their assumption of the duties and responsibilities under POPIA is critical.
In June this year, the Financial Sector Conduct Authority (the FSCA) and the Prudential Authority (the PA) published Joint Standard 2 of 2020 which sets out the Margin Requirements for non-centrally cleared over-the-counter (OTC) derivative transactions (Joint Standard).
The South African Information Regulator has published Operational Readiness Plans (ORPs) in respect of the Protection of Personal Information Act 4 of 2013 (POPIA) and the Promotion of Access to Information Act 2 of 2000 (as amended by POPIA) (PAIA), respectively, in order to ensure that its operating environment is prepared to effectively promote and protect the rights to privacy and access to information.
Written by Xhanti Mtulu and André de Lange President Ramaphosa has now moved South Africa to alert level 2...