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10 April 2021 Financial Service Intelligence Watch

Central counterparty licensing standard issued

The Financial Sector Conduct and Prudential Authorities have issued a joint standard on central counterparty licensing requirements. CompliNEWS contributor Pam Saxby reports that, among other things, it prescribes the administrative and other information to accompany each licence application (including a copy of the relevant founding documents); and matters to be ...

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New public finance accounting regulations mooted

National Treasury has called for comments by 1 May 2021 on its intention make regulations of certain International Accounting Standards Board generally recognised practices in the context of public finance management, CompliNEWS contributor Pam Saxby reports. To that end, the Government Notice announcing this comprises Generally Recognised Accounting Practice (GRAP ...

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Data and cloud services policy out for comment

draft national policy national policy on data and cloud services has been gazetted for comment by 1 May, reports CompliNEWS contributor Pam Saxby. Underpinned by government’s commitment to ‘open’ data systems and ‘source frameworks’ (as opposed to those that are ‘closed and exclusive’), it seeks to encourage increased investment ...

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Working Smart

By Lee Rossini

In a recent PwC survey, nearly a third of the executives interviewed described their approach to post-pandemic work as 'going with the flow'. The authors of an article, 'What Is Your Organisation’s Long-Term Remote Work Strategy?', recently published in the Harvard Business Review, urge business owners to be more conscious about the decisions made regarding remote work and to use their recent experiences of employees working remotely to their advantage. This requires intentionally planning for a blended business model which includes both remote and office-based work. The authors suggest that to do so, two areas need attention: company policies and management practices.

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