South Africa

South Africa

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South Africa has made substantial progress in addressing the recommendations of the Financial Sector Assessment Program and is continuing to build upon these accomplishments. The Financial Services Board and Department of Trade and Industry both are organizations with the legal authority to regulate and supervise these steps. The South African system of financial services regulation is complex, involving multiple government agencies, several advisory or oversight committees, and several self-regulatory organizations. While all areas of responsibility appear to be covered, there may be gaps in the implementation of duties.Detailed Assessment of Implementation on IOSCO Principles-Securities Markets International Monetary Fund. However a legal challenge will not stay the effectiveness of the transfer order. The appropriate FSB ... The JSE internal systems provide detailed access to firm positions and open exposures and provide an effective early warning system. It has the ... investment discretion must report on a quarterly basis, other FAIS licensees such as LISP file annual reports. Because firms areanbsp;...

Title:South Africa
Author:International Monetary Fund
Publisher:International Monetary Fund - 2010-12-08


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