South Africa to enhance financial market regulations in wake of rand manipulation scandal
South Africa is set to strengthen its financial market regulations following a high-profile case where a leading bank admitted to participating in the manipulation of the rand. The National Treasury announced plans on Friday to introduce legislation next year aimed at expanding oversight of over-the-counter derivatives and foreign currency trading ...
Board Notice 4101 – Proposed amendments to the licence conditions of Strate (Pty) Ltd; other capital markets changes
Under the provisions of section 49(4)(a) of the Financial Markets Act 19 of 2012 ('FMA'), an application has been submitted for the amendment of specific terms and conditions of the clearing house licence granted to Strate Proprietary Limited (Strate).
The current licence condition specifies Strate's main office ...
National Treasury plans legislation to combat state capture and improve governance
The South African National Treasury has announced its intention to introduce draft legislation aimed at tackling the issue of state capture and enhancing governance in key state entities. This move, expected to materialise as early as January, is a direct response to the findings and recommendations of the Zondo Commission ...