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Adams & Adams
A mortgage bond is registered when an owner of immovable property uses the property as security to raise funds from a bank or other financial institution.
Adams & Adams
The nationwide lockdown caused by the COVID-19 pandemic has had a major effect on people's daily activities. Under Level 5 (from 26 March to 1 May 2020)
ENSafrica
The recent controversial decision in Ham Enterprises v Diamond Trust Bank (U) and Diamond Trust Bank (K) Ltd has shaken up Uganda's banking and finance sector, with many foreign lenders demanding...
Bowmans
On Friday, 11 September our Pro Bono Department hosted a webinar panel discussion providing a simple guide to liquidation and business rescue - how, why and when.
Bowmans
On 11 September 2020, the Governor of the South African Reserve Bank (SARB) amended the effective date of the Directive for Conduct within the National Payment System In Respect ...
ENSafrica
The National Payment Systems Act, 2020 ("NPS Act") was passed by parliament on 29 July 2020 but to date, has not been gazetted.
Bentley Attorneys
The Prescription Act 68 of 1969 ("the Act") regulates the running of Prescription. A debt will prescribe after the lapse of a certain time period.
ENSafrica
National Treasury's draft technical paper: "Financing a Sustainable Economy" ("the technical paper"), published in May 2020...
ENSafrica
The recent development of the Conduct Standard for Banks by the Financial Sector Conduct Authority ("FSCA") has introduced several new obligations on banks...
ENSafrica
While it is not clear when the financial services industry can expect the next draft of the Conduct of Financial Institutions Bill ("COFI")
ENSafrica
The Conduct Standard for Banks published on 3 July 2020 is a forerunner for the conduct related principles to be championed by Conduct of Financial Institutions Bill ("COFI Bill") when enacted.
ENSafrica
On 3 July 2020, the Financial Sector Conduct Authority ("FSCA") introduced the Conduct Standard for Banks. This regulatory framework enables the FSCA to critically and urgently...
ENSafrica
Environmental, social and governance ("ESG") considerations are moving into the mainstream, both globally and in South Africa.
ENSafrica
The Stamp Duty Amendment Act 2014, has been amended by the Stamp Duty Amendment Act of 2020 (the "Amendment")
ENSafrica
After extensive public consultation with industry participants and interested parties, as well as industry specific engagement, the Financial Sector Conduct Authority ("FSCA") published ...
ENSafrica
On 17 June 2020 President Ramaphosa announced that while South Africa remains on level 3 further economic activity will be permitted. This is being referred to as "advanced" level 3.
ENSafrica
The Draft Conditions are an improvement over the first attempt at this regulation, which was released by then Financial Services Board in 2010.
Clyde & Co
South Africa has just published the final Joint Standard on the Fitness and Propriety of Significant Owners, in an effort to further regulate its financial sector. This article provides a detailed overview of the key requirements ...
ENSafrica
Almost exactly five years after the Financial Services Board released the first draft board notice on margin requirements for derivatives...
ENSafrica
This article focuses specifically on the financial services industry under level 3 with reference to the regulations made under the Disaster Management Act, 2002 on 29 April 2020 (the "New Regulations").
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