Legal updates and opinions

by Natalie Scott, Director and Kyra South, Associate On Friday, 26 February 2021, the National Treasury released a Media Statement regarding the publication of the draft amendments ("Draft [...]

by Natalie Scott, Director; and Kyra South, Associate On 7 July 2020, the Texas State Securities Board issued an emergency cease and desist order ("Order") against, [...]

by Natalie Scott, Director; and Kyra South, Associate In the wake of the recent Mirror Trading International Proprietary Limited debacle, the Financial Sector Conduct Authority ("FSCA") [...]

By Natalie Scott, Director; and Kyra South, Associate On 20 November 2020, the Financial Sector Conduct Authority ("FSCA") published a draft Declaration ("Draft Declaration") and a statement in [...]

by Tracy-Lee Janse van Rensburg, Director and Juliet Siwela, Candidate Attorney The South African Reserve Bank ("SARB") recently published a discussion document "The deposit insurance funding [...]

by Tracy-Lee Janse van Rensburg, Director and Juliet Siwela, Candidate Attorney The Financial Intelligence Centre Act, 38 of 2001 ("FIC Act"), places an obligation on accountable institutions [...]

by Tracy-Lee Janse van Rensburg, Director On 19 June 2020[1], the Minister of Finance published proposed amendments to Schedules 1, 2 and 3 to the Financial Intelligence Centre Act, 38 of 2001, as [...]

by Tracy-Lee Janse van Rensburg, Director and Juliet Siwela, Candidate Attorney On 21 July 2020, the Financial Intelligence Centre ("FIC") published the draft public compliance communication, communication number 12A [...]

by Tracy-Lee Janse van Rensburg, Director and Juliet Siwela, Candidate Attorney Collection costs In accordance with the judgment handed down by Hack, AJ, on 13 December 2019, in the [...]

by Tracy-Lee Janse van Rensburg, Director Pursuant to the Financial Sector Regulation Act, 2018 ("FSRA"), the Financial Sector Conduct Authority ("FSCA") was mandated to regulate and supervise [...]

by Kyra South, AssociateReviewed by Natalie Scott, Director Background Since the outbreak of COVID‑19, and the subsequent national lockdown declared in terms of the Disaster Management [...]

By Cara Gow, Associate; Reneilwe Maleka, Associate and Juliet Siwela, Candidate AttorneyReviewed by Richard Roothman, Director and Head of the Banking & Finance practice The previous [...]

by Natalie Scott, Director and Tahli Hanan, Candidate Attorney Background The COVID-19 pandemic has caused considerable and unanticipated disruption to the South African business sector and [...]

by Kyra South, AssociateReviewed by Natalie Scott, Director Backround 1.1 Since the outbreak of Covid‑19, and the subsequent national lockdown declared in terms of the Disaster [...]

Call centres for essential services by Natalie Scott, Director and Kyra South, Associate On 9 April 2020, the Government issued Notice 43224, Regulation 459, effective as [...]

By Tracy-Lee Janse van Rensburg, Director and Reuben Lebelo, Candidate Attorney Following on the Financial Sector Regulation Act, 2017 ("FSR Act"), the Conduct of Financial Institutions Bill [...]

By Tracy-Lee Janse van Rensburg, Director In terms of the recent judgment handed down by Keightley J in the matter between the National Credit Regulator and The [...]

INTRODUCTION: Banking Regulation Review South Africa has an advanced banking system, backed by a sound legal and regulatory framework that aims to secure systemic stability in [...]

The Banking Regulation Review Director, Natalie Scott contributes on The Banking Regulation Review - Edition 9. This ninth edition of The Banking Regulation Review contains chapters provided by [...]

Director, Natalie Scott contributes on The Banking Regulation Review - Edition 9. This ninth edition of The Banking Regulation Review contains chapters provided by authors in 35 countries [...]

As of 1 April 2018, there is a new sheriff for the South African financial services sector. The Financial Services Board ("FSB") has been replaced by [...]

A loan which is repayable on demand becomes due the moment it is advanced to the debtor. Accordingly, such a debt will prescribe (or be extinguished) [...]

INTRODUCTION   Towards the end of 2016, we drew to your attention a decision of the Supreme Court of Appeal (SCA) in Trinity Asset Management (Pty) Ltd [...]

Corporate Social Responsibility   Introduction   Corporate Social Responsibility is no longer merely a “nice to have” as it finds itself referenced expressly in black and [...]