https://www.webberwentzel.com//Pages/RSS-Feeds.aspx Webber Wentzel feed en-us Copyright 2020 Sun, 16 Aug 2026 18:15:33 +0200 Sample Code http://server/image.jpg https://www.webberwentzel.com//Pages/RSS-Feeds.aspx 2d6a669f-7cbe-4eae-b7d9-5da6388506ed 465c75f2-c11f-41d6-938b-febf51b6e3a4 https://www.webberwentzel.com//News/Pages/cash-is-still-king-the-south-african-reserve-banks-cash-smart-strategy.aspx In a fast-evolving digital payments landscape, cash still continues to play a critical role in the South African economy. 2026-06-28T22:00:00Z 243d527f-2818-4a59-b192-8bbce4b0968e https://www.webberwentzel.com//News/Pages/draft-payments-industry-documents-published-for-public-comment.aspx In meeting its policy commitments and addressing the regulatory amendments required to implement the Payments Ecosystem Modernisation (PEM) Programme, the South African Reserve Bank (SARB) published two draft documents for public comment. 2025-11-18T22:00:00Z dc3cd85b-6536-4075-8fe8-7c1cf79b6b34 https://www.webberwentzel.com//News/Pages/south-africas-prudential-authority-issues-updated-climate-related-disclosure-guidance-for-banks-and-insurers.aspx Climate risk management requires ongoing capacity building and capability development, especially for banks and insurers that are highly susceptible to climate-related risks. The South African financial sector is particularly exposed to both financial and non-financial impacts as a result of exposure to climate-sensitive sectors. 2025-11-10T22:00:00Z d1a18a16-4477-43da-b2d4-2dffb7e4fe19 https://www.webberwentzel.com//News/Pages/the-fintech-future-revolutionising-the-african-financial-services-landscape.aspx Africa’s fintech sector is evolving from isolated national systems into a regionally connected ecosystem which hope to bring the continent closer. As start-ups, traditional financial institutions and investors look beyond domestic markets, the conversation is shifting from innovation to integration - and from competition to connectivity. 2025-11-09T22:00:00Z ace685e7-373e-4f59-afaf-1d70fe6e0521 https://www.webberwentzel.com//News/Pages/bnpl-payment-method-vs-credit-agreement-which-is-it-and-can-it-be-both.aspx Buy now pay later (BNPL) is an agreement for the sale of a product where the seller allows the payment to be extended over a specific period of time. These options generally offer interest-free instalments, although fees or interest may apply if payments are missed or delayed. 2025-11-06T22:00:00Z d5bd8071-fb4e-4556-84f7-3b8329cd181f https://www.webberwentzel.com//News/Pages/a-national-payments-utility-the-egyptian-case-study.aspx The recent PASA International Payments Conference (PIPC), held in Johannesburg on 16 and 17 October, offered valuable insights and sparked anticipation for the future of payments in South Africa. 2025-10-29T22:00:00Z e0dd105a-9be0-41dd-ade8-1ab3057bd1ee https://www.webberwentzel.com//News/Pages/sa-delisted-what-comes-next.aspx The Financial Action Task Force's (FATF) confirmed at its Plenary held during the week of 20 – 24 October 2025 that South Africa has been removed from the FATF's greylist. 2025-10-26T22:00:00Z f1da0993-699f-4fb6-9792-a2ebcb6dc834 https://www.webberwentzel.com//News/Pages/practical-implication-of-the-revised-fic-guidance-note-7a.aspx In line with South Africa's attempts to get off the Financial Action Task Force's (FATF) greylist, the Financial Intelligence Centre (FIC) issued the Revised Guidance Note 7A (revised GN 7A) on 1 September 2025. 2025-10-02T22:00:00Z c0a80117-facd-4387-9816-3b4917b431a7 https://www.webberwentzel.com//News/Pages/virtual-assets-regulation-in-southern-africa-a-regional-comparative-analysis-article.aspx The digital revolution is reshaping the global financial landscape, with virtual assets emerging as a powerful force in how financial transactions are conducted. 2025-09-03T22:00:00Z f62daf2c-ded4-46d0-8c87-9d274cdd47cd https://www.webberwentzel.com//News/Pages/how-the-pension-funds-industry-will-be-affected-by-the-conduct-of-financial-institutions-bill.aspx The Conduct of Financial Institutions Bill, 2020 (CoFI) represents a landmark transformation of South Africa's pension fund regulatory landscape, introducing comprehensive reforms that will fundamentally reshape how retirement funds operate and are supervised. 2025-09-02T22:00:00Z d4a71a05-0920-4605-bbd2-75ecbadbb9a0 https://www.webberwentzel.com//News/Pages/fsca-publishes-new-conduct-standard-for-collective-investment-scheme-managers.aspx The Financial Sector Conduct Authority (FSCA) has published Conduct Standard 3 of 2025 (CIS), titled Requirements for Managers of Collective Investment Schemes (the Conduct Standard), together with a Statement of Need and Impact and a Consultation Report. The Conduct Standard was published on 14 August 2025 and will come into effect 12 months after the date of publication (ie on 15 August 2026). 2025-08-21T22:00:00Z 68789ff7-e9fb-4caf-a6af-492055868e3b https://www.webberwentzel.com//News/Pages/draft-amendments-to-the-affordability-assessment-regulations-under-the-national-credit-act.aspx On 13 August 2025, the Department of Trade, Industry and Competition published the draft National Credit Act Amendment Regulations (Amendment Regulations) in the Government Gazette, proposing amendments to various Regulations under the National Credit Act 34 of 2005 (NCA), including Regulations 18,19 and 23A. 2025-08-17T22:00:00Z c26a004c-88e8-4a67-8e4b-00baeaddc311 https://www.webberwentzel.com//News/Pages/the-cofi-bill-what-financial-institutions-need-to-know.aspx Once enacted, the much-anticipated Conduct of Financial Institutions Bill (COFI) will introduce a significant shift in the legislative and regulatory landscape of South Africa’s financial services sector. 2025-08-13T22:00:00Z bcd10d17-7585-4df2-8c7e-c94db15e9a27 https://www.webberwentzel.com//News/Pages/virtual-assets-regulation-in-southern-africa-a-regional-comparative-analysis.aspx Virtual Assets, digital assets, crypto assets all refer to the same concept, namely a digital representation of value. This guide examines the development of the regulatory regime for virtual assets across the southern region of Africa. 2025-07-28T22:00:00Z 6dac8638-aa64-4c8a-98f7-349d9ae41a81 https://www.webberwentzel.com//News/Pages/part-2-strengthening-south-africas-sustainable-finance-framework.aspx South Africa's National Treasury defines sustainable finance as financial models, services, products, markets and ethical practices that deliver resilience and long-term value in each economic, environmental, and social aspect, contributing to sustainable development goals and climate resilience. 2025-07-14T22:00:00Z 4f06a895-9266-484e-9f39-d872799f5ac5 https://www.webberwentzel.com//News/Pages/navigating-the-future-of-south-africas-national-payment-system-regulatory-framework.aspx In meeting its policy commitments and addressing the regulatory challenges that come with the rising prominence of non-bank payment operations, the South African Reserve Bank (SARB) published two draft documents in the first quarter of 2025. 2025-06-24T22:00:00Z 74ea3cf6-e15b-4d4f-ae34-41bef3cfa7ab https://www.webberwentzel.com//News/Pages/buy-now-panic-later-a-legal-deep-dive-into-south-africas-payment-revolution.aspx Buy Now, Pay Later (BNPL) payment options have strutted onto South Africa’s financial runway with the swagger of innovation, offering interest-free instalments, bypassing traditional credit checks, and boasting sleek user interfaces that make old-school lay-bys look prehistoric. 2025-05-29T22:00:00Z 00e20543-80b0-4bc7-8e08-c8994249d03d https://www.webberwentzel.com//News/Pages/d%C3%A9j%C3%A0-vu-moss-v-road-accident-fund.aspx The recent judgment in Moss v Road Accident Fund, handed down by the Western Cape High Court, has reignited debate regarding the Road Accident Fund's (RAF's) liability to compensate accident victims for past medical expenses already covered by their medical aid. 2025-05-07T22:00:00Z 00b0fe67-610a-4a11-aaf8-651ff942cbcd https://www.webberwentzel.com//News/Pages/under-pressure-navigating-financial-regulatory-heat-in-south-africa-in-2025.aspx We explore key regulatory trends shaping South Africa’s legal and compliance landscape in 2025 and offer practical guidelines on how businesses can navigate them. 2025-04-22T22:00:00Z 84635782-1e73-4d83-88b5-ca4fff9efbe0 https://www.webberwentzel.com//News/Pages/fsca-proposes-new-reporting-and-disclosure-requirements-for-short-sales.aspx Following extensive industry feedback on the draft conduct standard regarding the reporting and disclosure of short sales, published in March 2023, the FSCA has engaged with targeted stakeholders and published a revised version for a second round of public consultation. Comments should be submitted until 19 May 2025. 2025-04-15T22:00:00Z ea1962c0-223d-42f3-9d48-7eeab99d91fe https://www.webberwentzel.com//News/Pages/the-effective-use-of-disclaimer-notices-and-clauses-to-exclude-liability.aspx In recent years, South African courts have upheld the enforceability of disclaimer notices, provided they meet specific legal requirements. A disclaimer notice is a contractual clause that exempts one party from liability for losses incurred by another party. Businesses frequently use these notices to mitigate or limit risk. 2025-03-24T22:00:00Z f52ab8e2-d0b3-4466-a8d9-0b612e266c50 https://www.webberwentzel.com//News/Pages/whos-to-blame-court-finds-claimant-partially-liable-for-own-injuries.aspx In a recent judgment that highlights the importance of maintaining safe premises for public use and the need for individuals to exercise reasonable care for their own safety, the court in Stephens vs Minister of Police found the plaintiff partially liable for injuries sustained by him when he fell at a police station. 2025-03-17T22:00:00Z 7ca8ff7d-e929-44d7-b899-2e9e2c235e81 https://www.webberwentzel.com//News/Pages/what-if-your-clients-beneficial-owner-is-in-a-sanctioned-jurisdiction.aspx This article relates to accountable institutions listed in Schedule 1 to the Financial Intelligence Centre Act 38 of 2001 (FIC Act) and examines (i) beneficial ownership and (ii) whether an accountable institution must terminate a relationship with a client if the client has a beneficial owner in a sanctioned jurisdiction. 2025-03-02T22:00:00Z 8842b314-4b27-4ede-b787-6613351e2a53 https://www.webberwentzel.com//News/Pages/expropriation-without-compensation-implications-for-the-insurance-industry.aspx The Expropriation Act 13 of 2024 (the Act), which has been promulgated to give effect to the Property clause in the Constitution of the Republic of South Africa, 1996 has drawn mixed reactions both locally and abroad. 2025-03-02T22:00:00Z 7547ad2f-4bc5-46c2-ab1b-3742dfd585d6 https://www.webberwentzel.com//News/Pages/fic-publishes-final-guidance-note-7a.aspx The Financial Intelligence Centre (FIC) concluded a comprehensive consultation process, resulting in the publication of the final Guidance Note 7A (GN 7A) on 13 February 2025. GN 7A replaces Guidance Note 7 (GN 7), incorporating valuable stakeholder input from three rounds of consultation held between April 2022 and June 2024. 2025-02-20T22:00:00Z 19f8f0ae-fb23-4366-83b6-317f5728e1ca https://www.webberwentzel.com//News/Pages/fintech-year-in-review-2025.aspx The year 2025 is ear marked to be a landmark period for the fintech industry, marked by ground breaking innovations, regulatory milestones, and continued push towards financial inclusion. 2025-02-04T22:00:00Z 4f5389a7-4d75-441d-83fd-700491640fc4 https://www.webberwentzel.com//News/Pages/national-treasury-proposes-further-companies-act-amendments-in-connection-with-disclosure-of-companies-shareholding.aspx On 19 December 2024, the National Treasury published the Draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2024 (Draft Bill) for public comment. 2025-01-13T22:00:00Z 51ca2a84-74e5-47eb-9d6a-18231b4b6242 https://www.webberwentzel.com//News/Pages/draft-determination-relating-to-foreign-collective-schemes-soliciting-investments-in-the-republic.aspx On 29 August 2024, the Financial Sector Conduct Authority (FSCA) published the draft Determination relating to Foreign Collective Schemes Soliciting Investments in the Republic (draft Determination) and invited written submissions which were due on or before 11 October 2024. 2024-11-25T22:00:00Z f9e9384a-9ce2-492f-9df7-15dff2dfb75c https://www.webberwentzel.com//News/Pages/obligations-of-insurers-related-to-cybersecurity-and-outsourcing.aspx The Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA) have announced that Joint Standard 1 of 2024 (Outsourcing by Insurers) and Joint Standard 2 of 2024 (Cybersecurity and Cyber Resilience Requirements), will be effective on 1 December 2024 and 1 June 2025 respectively. 2024-11-13T22:00:00Z 8591771a-c8a5-433a-9cf3-d4fa43043170 https://www.webberwentzel.com//News/Pages/should-all-tokens-be-equal-in-the-crypto-market.aspx As of June 2024, the Financial Sector Conduct Authority (FSCA) has issued 138 crypto asset service provider (CASP) licences. With the rolling out of licences, the discussion around the crypto industry moves from whether crypto assets should be regulated, to more detailed topics around "what should be regulated?" and "how should it be regulated?" 2024-10-21T22:00:00Z f4bb6a91-c0d4-4598-b301-bfb469d10e82 https://www.webberwentzel.com//News/Pages/regulatory-instruments-for-financial-sector-compliance-in-south-africa.aspx The Financial Sector Regulation Act, 9 of 2017 (FSR Act) commenced on 1 April 2018 and overhauled the entire financial regulatory system in South Africa. In the six years since its enactment, the South African financial landscape has been besieged by high-profile matters of misconduct. 2024-09-29T22:00:00Z f77c2ae8-1c39-46e0-b6a5-47560c035664 https://www.webberwentzel.com//News/Pages/sars-intensifies-focus-on-crypto-traders.aspx SARS is increasing its scrutiny of crypto traders by issuing tax notices and clarifying exchange control regulations. Traders must immediately comply to avoid penalties. 2024-09-04T22:00:00Z 2a847f90-db67-4afc-bba4-14747e193b7a https://www.webberwentzel.com//News/Pages/three-year-regulation-plan-by-the-financial-sector-conduct-authority.aspx On 5 July, the Financial Sector Conduct Authority (FSCA) published its three-year regulation plan (2024 Regulation Plan) for the period 1 April 2024 to 31 March 2027. The FSCA's strategy is to develop a plan that better aligns South Africa's regulatory framework with international standards while identifying topical and emerging sector-specific risks. 2024-07-31T22:00:00Z c270d8f7-aa4a-4234-a9b4-be493692c35e https://www.webberwentzel.com//News/Pages/latest-draft-guidance-for-accountable-institutions.aspx The Financial Intelligence Centre has recently published various pieces of guidance and draft guidance relating to beneficial ownership and the Risk Management and Compliance Programmes of accountable institutions. The draft guidance is currently undergoing public consultation and accountable institutions are welcome to provide their comments to the FIC. 2024-07-01T22:00:00Z 427eae50-35bd-4152-90a9-e3378a04dbfa https://www.webberwentzel.com//News/Pages/important-considerations-for-insurers-during-election-season.aspx The imminent general election in South Africa presents increased risks for the non-life insurance industry. As seen in recent years, elevated political tensions can very quickly escalate into civil unrest. This may result in rioting, looting, arson and other violent acts which could force businesses to close, lose revenue or suffer property damage and business interruption. Such businesses will then turn to their insurers for indemnity in terms of their existing insurance policies if they suffer property damage and related financial losses 2024-05-26T22:00:00Z 37771918-00c3-4118-aced-13d039b0a1fd https://www.webberwentzel.com//News/Pages/on-the-road-to-a-cashless-society-sarb-digital-payments-roadmap.aspx On 18 April 2024, the South African Reserve Bank (SARB) published its digital payments roadmap. The document entitled Digital Payments Roadmap: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in South Africa, sets out a 17-action item plan that the SARB has for tackling identified obstacles, barriers and challenges to the adoption of an increase and effective use of digital payment in South Africa. This Roadmap follows from the National Payment System Framework and Strategy Vision 2025: Action Plan published in March 2018. 2024-05-26T22:00:00Z 85c2ac0a-008b-4391-b08a-d02b02b8cce2 https://www.webberwentzel.com//News/Pages/financial-sector-regulation-and-prudential-authority-joint-standard-on-cybersecurity-and-cyber-resilience-requirements.aspx The Financial Sector Regulation (FSCA) and the Prudential Authority (PA) published Joint Standard 2 of 2024 on Cybersecurity and Cyber Resilience Requirements on 17 May 2024. The Joint Standard 2 of 2024 (Joint Standard) applies to all financial institutions as defined in the Joint Standard. It sets out the requirements for sound practices and processes relating to cybersecurity and cyber resilience for financial institutions. 2024-05-26T22:00:00Z 7863ac8c-420e-4190-acbd-a7eb6ab4c5b6 https://www.webberwentzel.com//News/Pages/third-reminder-from-the-companies-and-intellectual-property-commission-on-beneficial-ownership-filings-hard-stop-restrictio.aspx A third customer notice from the CIPC reminds companies of their beneficial ownership and beneficial interest disclosure obligations and reiterates that from 15 April 2024, companies will not be able to file annual returns unless the relevant information has been submitted. 2024-04-07T22:00:00Z 39bcbdf2-27e4-4404-b531-97b9904fc59f https://www.webberwentzel.com//News/Pages/partnership-between-the-fsca-and-bbbee-commission-in-pursuit-of-transformation-in-the-financial-sector.aspx On 5 March 2024, the Financial Sector Conduct Authority announced a Memorandum of Understanding with the Department of Trade, Industry and Competition’s Broad-Based Black Economic Empowerment Commission. 2024-04-03T22:00:00Z 551ca597-c2f5-4f87-9b19-7532fed988e8 https://www.webberwentzel.com//News/Pages/a-snapshot-of-the-key-amendments-in-the-companies-amendment-bills-2023.aspx South Africa's Parliament has passed the Companies Amendment Bills, 2023. The Companies Amendment Bill, 2023 includes provisions to enhance transparency and provide for more disclosure and governance of executive remuneration. 2024-04-03T22:00:00Z 35db2e3c-b3fa-42fd-aefc-e5353792c432 https://www.webberwentzel.com//News/Pages/looking-inward-anticipated-legal-developments-on-institutional-integrity.aspx To combat corruption, government has enacted and plans to enact further legislative reforms. These reforms bolster accountability, impose stricter penalties for non-compliance, and enhance protections for whistleblowers. 2024-04-03T22:00:00Z a4f18110-e9c1-4e42-8011-b58e019cf692 https://www.webberwentzel.com//News/Pages/part-1-beyond-green-sustainable-finance-vs-green-loans.aspx Understanding the various elements in the ESG umbrella and the interplay between them, coupled with determining the right funding instrument and type of funding arrangement, appropriate metrics, reporting obligations and intervals is key and can require specialist insight from a number of advisors. 2024-03-03T22:00:00Z 3697ff74-76c9-4d05-80e9-f22d0b9113b3 https://www.webberwentzel.com//News/Pages/one-year-grey-south-africas-bumpy-road-to-meeting-international-best-practice.aspx It has been a year since the grim reality of South Africa's greylisting status by the Financial Action Task Force (FATF). While the shadow of this decision persists, a careful analysis reveals a landscape marked by both challenges and encouraging progress. 2024-02-27T22:00:00Z b5a75ef4-a0f5-44ed-866b-3a725c070acd https://www.webberwentzel.com//News/Pages/private-equity-legal-developments-in-2024.aspx The world of private equity is ever-changing, presenting both challenges and opportunities. In this overview, our experts highlight and provide insights on recent legal developments in tax, corporate, B-BBEE, competition, financial regulatory, infrastructure, energy, and employment that are relevant to private equity. 2024-02-26T22:00:00Z 64ee7b4b-a913-4cb5-9ad8-5fec402171b0 https://www.webberwentzel.com//News/Pages/another-reminder-from-the-companies-and-intellectual-property-commission-on-beneficial-ownership-filings.aspx A second customer notice from the CIPC reminds companies to file the required beneficial ownership and beneficial interest information and notes that enforcement action may be taken against continuously non-compliant companies. 2024-02-25T22:00:00Z bcb5995d-1ae6-4552-8fb1-54322b68d64b https://www.webberwentzel.com//News/Pages/2024-fintech-year-ahead.aspx South Africa's fintech landscape is set to undergo significant change in 2024, owing to regulatory changes, technological advancements, and increased competition. 2024-01-28T22:00:00Z a3e69c9f-5c0e-4dbb-b381-d1f3224ad4ca https://www.webberwentzel.com//News/Pages/financial-intelligence-centre-published-draft-public-compliance-communication-121-on-beneficial-ownership.aspx The Financial Intelligence Centre (FIC) released Draft Public Compliance Communication 121 guidance on beneficial ownership and the application of section 21B of the Financial Intelligence Act (FICA), 38 of 2001 (Draft PCC 121), on 15 November 2023. 2023-11-23T22:00:00Z bb5b7d16-2c6d-4b12-bac6-4f03be5fca0d https://www.webberwentzel.com//News/Pages/ransomware-and-the-obligation-to-stop-fraud.aspx Cyber security has taken centre stage in South African commerce, and it's no surprise, given the prevalence of ransomware attacks on businesses in Africa. 2023-11-06T22:00:00Z 6f5ba8b5-04a7-4f85-8799-14afe3743a8e https://www.webberwentzel.com//News/Pages/open-finance-compulsory-information-request-for-all-financial-institutions-and-fintechs.aspx In June 2023, the Financial Sector Conduct Authority (FSCA) published a draft Position Paper on Open Finance which builds on the FSCA's initial assessment of the Open Finance landscape published in its 2020 Consultation and Research Paper on Regulating Open Finance. 2023-10-17T22:00:00Z 3fda36f6-f10b-4b7e-9da1-c69d8fae4602 https://www.webberwentzel.com//News/Pages/financial-services-regulation-quarterly-alert-june-august-2023.aspx Keep up to date on key financial services regulatory developments in South Africa in the third quarter of 2023. 2023-10-08T22:00:00Z 4c713ae5-d836-4d6d-9efc-db422fdd6217 https://www.webberwentzel.com//News/Pages/reminder-from-cipc-on-beneficial-ownership-and-beneficial-interest-filings.aspx The CIPC recently published a customer notice as a timely reminder to companies to file the required beneficial ownership and beneficial interest information. 2023-10-08T22:00:00Z 6ec5144f-1395-4312-b617-2a4aef144e39 https://www.webberwentzel.com//News/Pages/national-health-insurance-bill-will-it-wipe-out-medical-insurance.aspx The NHI Bill does not contain any clarity on how South Africa’s large and complex medical schemes and insurance industry will be affected. 2023-10-02T22:00:00Z 55ca51b0-cf3e-452d-bc10-f1b8efef07bb https://www.webberwentzel.com//News/Pages/regulatory-developments-in-the-digital-finance-era.aspx Webber Wentzel attended the Digital Finance Africa Conference in Johannesburg, which highlighted several trends and developments that will be of interest to our clients. 2023-09-25T22:00:00Z 3909150b-7571-414e-b561-26cce273e453 https://www.webberwentzel.com//News/Pages/key-trends-shaping-the-financial-services-landscape.aspx Staying ahead of the curve in an evolving financial services sector is not a choice, it is imperative. Our legal experts understand that a proactive approach, informed by the latest trends, is necessary to stay ahead. Read this publication, which identifies influential trends and brings you our insights. 2023-09-12T22:00:00Z 18cccd7a-23c5-4af7-b21a-8e866471e0b3 https://www.webberwentzel.com//News/Pages/company-law-changes-gather-momentum-a-snapshot-of-the-key-proposed-amendments-in-the-companies-amendment-bills-2023.aspx Two Companies Amendment Bills have been introduced in Parliament, heralding important changes for company law in South Africa. While several of the proposed changes are welcome, ambiguities remain. This snapshot explores some of the key proposed amendments. 2023-09-05T22:00:00Z 426458d0-4947-4caf-a96f-2e28bdba106c https://www.webberwentzel.com//News/Pages/certain-provisions-of-financial-intelligence-centre-amendment-act-2017-come-into-force.aspx Sections of the FICA Amendment Act have come into force, including reporting requirements for international funds transfers and a new definition of trust and company service providers 2023-08-23T22:00:00Z ff2b20a9-2e7e-4ea5-bc6b-d7c2618d9c7c https://www.webberwentzel.com//News/Pages/beyond-competition-the-prominent-role-of-public-interest-conditions-in-financial-sector-mergers.aspx The competition authorities are increasingly imposing public interest conditions when approving mergers, including on employment, and broadening ownership. 2023-08-17T22:00:00Z d0629182-48b1-4311-b418-b1819514e01c https://www.webberwentzel.com//News/Pages/data-protection-and-cybersecurity-in-the-open-finance-space.aspx The FSCA has published a draft paper addressing the risks and possible remedies arising from data sharing in Open Finance, on which it is seeking public comment. 2023-08-17T22:00:00Z ac0293a4-a9c0-4a5e-b20c-e70f579df632 https://www.webberwentzel.com//News/Pages/taking-tech-to-tradition-mitigating-risk-in-the-evolving-financial-services-sector.aspx As technology distorts the boundaries between the physical and digital realms, adequate risk mitigation measures must be built into collaborations between banks and fintech companies. 2023-08-16T22:00:00Z ec56a7b1-75d3-4b4f-80bd-fc7043932f78 https://www.webberwentzel.com//News/Pages/fintech-and-treating-customers-fairly.aspx Fintech businesses need to apply Treating Customers Fairly (TCF) principles when designing new products and services, especially considering the digital divide. 2023-08-16T22:00:00Z a090ffec-37a0-492b-965d-f8e32c13aeba https://www.webberwentzel.com//News/Pages/total-blackout-force-majeure-and-supervening-Impossibility-in-a-grid-collapse.aspx If South Africa were to experience a total grid collapse, parties to a contract may be able to invoke force majeure clauses, or if no such clauses exist, to rely on the law of supervening impossibility. 2023-08-15T22:00:00Z b94cb280-43af-40ff-b8ef-40431af22fdb https://www.webberwentzel.com//News/Pages/prudential-authority-publishes-highly-anticipated-draft-guidance-notes-for-banks-and-insurers-on-climate-related-risks.aspx Mirroring other leading financial sector regulators across the globe, South Africa's Prudential Authority (PA) has signalled to banks and insurers that it is time for them to consider and integrate climate-related risks into their business practices, strategy, and management and disclose climate-related risks. 2023-08-13T22:00:00Z 355bced3-427b-4ccf-b960-f38c679fae31 https://www.webberwentzel.com//News/Pages/blockchain-makes-crypto-asset-transactions-transparent-and-traceable.aspx At the 2023 Digital Assets and Sanctions Compliance Conference, Lerato-Lamola Oguntoye participated in a panel discussion on the regulation of crypto assets in South Africa and globally. The conference highlighted how distributed ledger technology/blockchain potentially diminishes anonymity in crypto-asset transactions. 2023-07-25T22:00:00Z 2830dd4a-d512-4588-a285-ec255503e3c7 https://www.webberwentzel.com//News/Pages/e-alert-prudential-authority-publishes-draft-amendments-to-the-commercial-paper-exemption-notice-1994.aspx The Prudential Authority has published proposals to amend the rules on commercial paper issuance, including new definitions, a minimum size for issuers, and a new regulatory return 2023-07-23T22:00:00Z 37dcaba2-d00e-4b64-bcdc-c834d8524609 https://www.webberwentzel.com//News/Pages/fsca-publishes-draft-position-paper-on-open-finance.aspx The FSCA has published for comment a Draft Position Paper setting out its policy and proposed approach towards regulating the Open Finance sector. 2023-07-16T22:00:00Z 3fda30dd-c22d-4609-a863-24c5497dbcdf https://www.webberwentzel.com//News/Pages/the-financial-intelligence-centre-publishes-final-guidance-for-crypto-asset-services-providers.aspx The FIC has published final guidance for crypto asset services providers, which are listed as accountable institutions as of 19 December 2022. 2023-07-09T22:00:00Z 6eeb8627-da42-4a75-8fd7-78348c6419b2 https://www.webberwentzel.com//News/Pages/weighted-voting-share-structures-free-float-and-spacs-amendments-to-the-listings-requirements-effective-17-july-2023.aspx The JSE has approved amendments to its Listings Requirements to regulate the listing of companies with weighted voting share structures, reduce the free float threshold, alter the current free float assessment, and enhance the JSE's SPAC offering. 2023-06-25T22:00:00Z 0a091e0a-eae2-42da-83f6-ed9407c5fb70 https://www.webberwentzel.com//News/Pages/webber-wentzel-embraces-generative-ai-as-part-of-its-ongoing-innovation-journey.aspx Webber Wentzel is taking the lead on responsible Artificial Intelligence (AI) investment within the African legal landscape as part of its continued commitment to deliver an exceptional client experience and foster an open, creative, and entrepreneurial culture. 2023-06-22T22:00:00Z 31894498-961a-4703-9f5c-4e42b6fc51ea https://www.webberwentzel.com//News/Pages/minister-of-finance-increases-maximum-monetary-fines-for-auditors.aspx South Africa's Minister of Finance increased the maximum fines that the Independent Regulatory Board for Auditors can impose on auditors for misconduct. 2023-06-19T22:00:00Z a2817f32-8276-4593-a719-47a7e4abc418 https://www.webberwentzel.com//News/Pages/the-costs-and-consequences-of-insurance-fraud.aspx In 2001, the House of Lords stated that "there seems to be a widespread belief that insurance companies are fair game, and that defrauding them is not morally reprehensible". This has never rung truer than in times of financial turbulence. 2023-06-14T22:00:00Z 1f812852-7d53-4fc0-8fb8-d5c19fb20a87 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-may-2023.aspx Keep up to date with key Financial Services Regulation developments in South Africa in May 2023. 2023-05-29T22:00:00Z 765efb84-f145-4c36-8e86-04b064f26678 https://www.webberwentzel.com//News/Pages/south-african-crypto-providers-now-caught-in-licensing-net.aspx South African regulators have now defined crypto as a financial asset. But what does it mean in practice? 2023-05-28T22:00:00Z 719afee8-6523-49b5-8e17-e7a363df6cd6 https://www.webberwentzel.com//News/Pages/private-equity-firms-rise-above-global-economic-stress.aspx PE is vital to the Southern African economy for a number of reasons. It drives job creation, acts as a catalyst for genuine economic transformation and attracts foreign investment. 2023-05-28T22:00:00Z 8e7d9e31-a67d-4174-be8e-61eacd8b40b0 https://www.webberwentzel.com//News/Pages/worth-their-weight-in-gold-high-value-goods-dealers-fall-within-fica-ambit.aspx Amendments to the Financial Intelligence Centre Act established a new category of accountable institutions, high-value goods dealers, who now have compliance and reporting obligations 2023-05-09T22:00:00Z 7db81634-53ab-4080-8a69-e065058d921c https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-april-2023.aspx Keep up to date on key Financial Services Regulation developments in South Africa in April 2023. 2023-05-04T22:00:00Z 4b739887-e739-492c-a4e6-b9da00883811 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-march-2023.aspx Keep up to date on key Financial Services Regulatory developments in South Africa in March 2023. 2023-04-03T22:00:00Z 6d83edf0-2876-47c9-83f7-6aa2984d38f8 https://www.webberwentzel.com//News/Pages/greylisting-turns-the-spotlight-on-beneficial-ownership-of-companies-and-financial-institutions.aspx South Africa has put new laws in place to address the Financial Action Task Force’s (FATF) concerns, and those relating to beneficial ownership will have a significant impact on financial institutions and companies. 2023-03-19T22:00:00Z 3b520ffa-0766-4bb1-9b95-01be949c9022 https://www.webberwentzel.com//News/Pages/when-should-the-locked-box-mechanism-be-used-and-how-can-purchasers-ensure-that-they-are-protected.aspx Originally used predominantly by private equity investors looking for a clean separation at the conclusion of a transaction, the locked box pricing mechanism continues to gain traction in the South African and global M&A market. 2023-03-16T22:00:00Z 6a7cf7bd-2bb8-4e5f-8577-6f967dae65d3 https://www.webberwentzel.com//News/Pages/23-legal-developments-to-track-in-2023.aspx Various legal developments that will impact South African business operations are expected to unfold in 2023, particularly in the fields of tax, ESG, financial regulation and economic transformation. 2023-03-16T22:00:00Z 8b76e66d-a74f-4429-a0d9-070f4f515ae3 https://www.webberwentzel.com//News/Pages/draft-notice-of-amendment-of-board-notice-90-of-2014.aspx The Financial Sector Conduct Authority has published a draft notice of amendment of Board Notice 90 of 2014 2023-03-09T22:00:00Z 4a839a06-ad63-4369-84fd-8d277edf48ec https://www.webberwentzel.com//News/Pages/the-impact-of-greylisting-on-south-africa-hospitality-and-leisure-sector.aspx South Africa has experienced a seasonal boom in its hospitality and leisure sector, with the Western Cape being the primary beneficiary. 2023-03-07T22:00:00Z e02fc744-c148-4f52-95d1-122f798351f1 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-february-2023.aspx Keep up to date on key Financial Services Regulation developments in South Africa during February 2023. 2023-03-05T22:00:00Z 1142158c-877c-4cca-b308-77c625f19e6c https://www.webberwentzel.com//News/Pages/south-africa-has-been-grey-listed-what-are-the-implications-for-the-country-going-forward.aspx South Africa’s greylisting by the Financial Action Task Force (FATF) has significant implications for its economic growth and global competitiveness, but moves are already being taken to satisfy the FATF 2023-02-23T22:00:00Z d77105d6-1e5c-4e3b-a16e-630262fc7dbb https://www.webberwentzel.com//News/Pages/resource-nationalism-can-create-uncertainty-and-strangle-mining-investment.aspx Short-term gains can result in a longer-term loss of investment when governments impose too many demands on mining companies. 2023-02-08T22:00:00Z 366c1591-16ad-4905-8bc6-6dec33ccfa2b https://www.webberwentzel.com//News/Pages/is-your-business-an-accountable-institution-your-90-days-are-running.aspx Towards the end of 2022, several amendments and proposed changes to the structure of South Africa's anti-money laundering and counter-terrorist regime were implemented. 2023-02-08T22:00:00Z 0a17289d-c87c-40d1-b288-31dd844f0fb5 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-january-2023.aspx Keep up to date on key Financial Services Regulation developments in South Africa during December 2022 and January 2023. 2023-02-01T22:00:00Z 85d06554-4120-46e0-ae18-3d9a7fab072f https://www.webberwentzel.com//News/Pages/commencement-of-the-general-laws-anti-money-laundering-and-combating-terrorism-financing-amendment-act.aspx The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act has been signed into law. Cascading commencement dates for different sections have been proclaimed. 2023-01-24T22:00:00Z b7883249-0b3d-48ad-a3f7-c3532a5f9ad3 https://www.webberwentzel.com//News/Pages/webber-wentzel-recognised-as-2022-south-africa-law-firm-of-the-year-by-top-ranked-legal.aspx Webber Wentzel has been awarded the 2022 South Africa Law Firm of the Year in the EMEA Awards by Top Ranked Legal. 2022-12-20T22:00:00Z 9527e709-e415-4150-9715-9f0d9cda7f09 https://www.webberwentzel.com//News/Pages/income-tax-and-vat-mining-of-crypto-assets.aspx Crypto assets can be earned as rewards from proof of work or proof of stake mining, and the tax payable in respect of each activity may be different. 2022-12-05T22:00:00Z a8e2fc63-0fef-49bb-a7fd-bcc0fbf5b7c1 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-november-2022.aspx ​​​Keep up to date on key Financial Services Regulation developments in South Africa during November 2022. 2022-12-04T22:00:00Z 11b30771-261e-42fa-a67c-177223f70954 https://www.webberwentzel.com//News/Pages/national-assembly-passes-a-revised-version-of-the-general-laws-amendment-bill-omnibus-bill.aspx On 22 November 2022, the National Assembly passed a revised version of the Omnibus Bill, which proposes to amend five pieces of legislation, including the Companies Act, 2008. 2022-11-28T22:00:00Z 7e6500a3-6cce-4e0c-8ee3-ad334540d224 https://www.webberwentzel.com//News/Pages/staving-off-greylisting-requires-action-from-south-africas-public-and-private-sectors.aspx The measures South Africa is putting in place in response to the Financial Action Task Force’s recommendations will affect all industries and all employees. 2022-11-21T22:00:00Z 96336595-7368-499d-8253-64d6687a85cb https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-october-2022.aspx Keep up to date on key Financial Services Regulation developments in South Africa during October 2022. 2022-11-03T22:00:00Z 12577774-9072-4c88-a797-92a722084a27 https://www.webberwentzel.com//News/Pages/restrain-or-react-greylisting-in-south-africa.aspx In 2019, the Financial Action Task Force ("FATF") red-flagged South Africa for high levels of corruption. That means South Africa has to address its partial compliance or non-compliance with 20 of the FATF’s “Forty Recommendations” by February 2023. 2022-11-01T22:00:00Z f623d693-53c5-4992-aab8-b61f60a4ebe5 https://www.webberwentzel.com//News/Pages/webber-wentzel-won-the-african-legal-awards-for-african-law-firm-of-the-year.aspx Webber Wentzel has been named African Law Firm of the Year (Mid-Large Sized Practice) at the 2022 African Legal Awards. 2022-10-23T22:00:00Z 27854b2c-e47d-4576-b965-210a31596627 https://www.webberwentzel.com//News/Pages/fsca-declares-crypto-assets-a-financial-product.aspx The Financial Sector Conduct Authority has published the first of what will be a series of regulations to manage crypto assets and their providers. 2022-10-20T22:00:00Z d22c662b-f786-4f11-a939-9d7c89f009cf https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-september-2022.aspx Keep up to date on key Financial Services Regulation developments in South Africa during September 2022. 2022-10-02T22:00:00Z 5cc00430-4fb4-449c-8eb2-ae102185bc5b https://www.webberwentzel.com//News/Pages/in-depth-look-at-the-general-laws-anti-money-laundering-and-combating-terrorism-financing-amendment-bill-2022.aspx The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2022 was tabled in Parliament on 29 August 2022. 2022-09-28T22:00:00Z 964d645b-b6c3-41a3-8360-5ddac15357e1 https://www.webberwentzel.com//News/Pages/omnibus-bill-proposed-amendments-to-the-trust-property-control-act-1988.aspx The Omnibus Bill introduces a new section, dealing with beneficial ownership, into the Trust Property Control Act, 1988 (TPCA). 2022-09-28T22:00:00Z 587b23b6-3d5d-46d2-b7e7-b61a6deb0b15 https://www.webberwentzel.com//News/Pages/omnibus-bill-proposed-amendments-to-the-companies-act-2008.aspx The Omnibus Bill proposes amendments to the Companies Act, 2008 (Companies Act), primarily related to disclosure of information concerning beneficial ownership. 2022-09-28T22:00:00Z fc8b27de-3e0c-4e85-8521-01706d48c604 https://www.webberwentzel.com//News/Pages/omnibus-bill-proposed-amendments-to-the-financial-intelligence-centre-act-2001.aspx The Omnibus Bill amends several definitions in the Financial Intelligence Centre Act, 2001 (FICA) and introduces other definitions. 2022-09-28T22:00:00Z 504389b2-82d7-46a0-9137-d2e18ec08cc0 https://www.webberwentzel.com//News/Pages/omnibus-bill-proposed-amendments-to-the-financial-sector-regulation-act-2017.aspx The Omnibus Bill amends the Financial Sector Regulation Act, 2017 (FSR Act). The Omnibus Bill introduces the concept of beneficial owners into the FSR Act by introducing a new Chapter 11A into the FSR Act. 2022-09-28T22:00:00Z 95579e40-0d48-4439-ad98-65026c0dcc72 https://www.webberwentzel.com//News/Pages/omnibus-bill-proposed-amendments-to-the-nonprofit-organisations-act-1997.aspx The Omnibus Bill proposes amendments to the Nonprofit Organisations Act, 1997 (NOA), primarily related to registration of nonprofit organisations and disclosure of information relating to their office-bearers, control structure, governance, management, administration, and operations. 2022-09-28T22:00:00Z a8bcc0f0-df20-43cc-8013-655df9e940a2 https://www.webberwentzel.com//News/Pages/impending-regulation-of-crypto-assets-and-crypto-asset-service-providers.aspx The unprecedented interest, investment, and participation in crypto assets, as well as the risks that have been identified with the use thereof, has spurred regulators across the world into establishing an appropriate regulatory framework for crypto assets. 2022-09-27T22:00:00Z 9c894bd0-6348-4f64-a0fc-904a83eafe1f https://www.webberwentzel.com//News/Pages/welcome-back-gabi.aspx Gabi Richards-Smith has re-joined Webber Wentzel as a partner in the Financial Regulatory Practice. 2022-09-18T22:00:00Z 461da3cf-d852-45c6-b8e3-397420b83b29 https://www.webberwentzel.com//News/Pages/how-will-amendments-to-fica-schedules-1-2-and-3-apply-to-credit-providers.aspx Amendments to schedules 1,2 and 3 of FICA will see the inclusion of credit providers as accountable institutions. 2022-09-13T22:00:00Z 9d5f3636-336d-4b71-ab35-0e8d53823b04 https://www.webberwentzel.com//News/Pages/regulators-take-steps-to-encourage-esg-in-the-financial-services-industry.aspx The FSCA is taking a number of steps, beyond introducing amendments to Regulation 28, to encourage pension funds to invest in green and other ESG investments. 2022-09-11T22:00:00Z eb60c9f9-40ba-4c63-900a-0b76f3bb4fd5 https://www.webberwentzel.com//News/Pages/esg-disclosure-framework-in-the-pipeline-for-south-african-financial-services-companies.aspx The South African Reserve Bank will shortly issue a draft sketching an ESG disclosure framework for the financial services organisations that it supervises. 2022-09-11T22:00:00Z 05f7c364-ec91-438d-a32c-db602882f8ab https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-august-2022.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during August 2022. 2022-09-04T22:00:00Z 088ed6bb-1edb-44a8-9ba0-f78a3081210b https://www.webberwentzel.com//News/Pages/update-cabinet-approves-the-general-laws-anti-money-laundering-and-combating-terrorism-financing-amendment-bill.aspx The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2022, which will make the necessary changes to avoid South Africa being “greylisted”, has been tabled. 2022-08-31T22:00:00Z 801b30c3-1805-49ea-8e1a-0dfaf18b9403 https://www.webberwentzel.com//News/Pages/treasury-proposes-changes-to-its-anti-money-laundering-and-terrorist-financing-regime-to-fight-potential-greylisting.aspx On 18 August, the Minister of Finance published an explanatory note on the General Laws (Anti-Money Laundering and Combatting Terrorism Financing) Amendment Bill (the Bill), which National Treasury plans to table before the National Assembly in the third quarter of 2022. 2022-08-25T22:00:00Z 86b91cef-57bb-4298-b076-df3db1e493a7 https://www.webberwentzel.com//News/Pages/are-international-financial-Institutions-immune-from-insolvency-proceedings.aspx Insolvency law (or bankruptcy law as it is referred to in other jurisdictions) is quite clear on how to deal with a domestic entity facing financial difficulty. But what insolvency regime regulates international institutions? 2022-08-15T22:00:00Z 3bae1717-5814-49e3-82d1-7159d49aab6c https://www.webberwentzel.com//News/Pages/the-mining-of-crypto-assets-has-complex-income-tax-and-vat-implications.aspx Crypto assets can be earned as rewards from proof of work or proof of stake mining, and the tax payable will be different from each activity. 2022-08-02T22:00:00Z 75c2deb5-3601-41ca-acb0-73fac409fa64 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-july-2022.aspx Keep up to date on key Financial Services Regulation developments in South Africa during July 2022. 2022-08-01T22:00:00Z 67ee6da2-5c50-4d67-821e-da24754549af https://www.webberwentzel.com//News/Pages/the-south-african-reserve-bank-confirms-that-it-is-now-looking-at-crypto-regulation.aspx The SARB has confirmed it is preparing various regulations for the crypto asset sector, taking a phased approach over the next 12 to 18 months. 2022-07-18T22:00:00Z fd97b5f2-8107-4821-b8d6-38d4c26ef216 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-june-2022.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during June 2022. 2022-07-11T22:00:00Z 94b1a5d5-d47a-4c7d-9f77-41f22e65c7f3 https://www.webberwentzel.com//News/Pages/supreme-court-of-appeal-provides-clarity-on-fica.aspx A recent Supreme Court ruling has clarified the duties of an accountable institution under the Financial Intelligence Centre Act (FICA) in a case of a bank customer wishing to close its account. 2022-06-30T22:00:00Z 8b411b18-06e2-46d8-9b8c-6fc9e4bcdb1b https://www.webberwentzel.com//News/Pages/third-party-cell-captive-conduct-standard-tabled-in-parliament.aspx The long-awaited conduct standard, "Requirements relating to third party cell captive insurance business" (2022 Conduct Standard), together with the Statement of Need and Intended Operation as well as the Consultation Report, was tabled in the National Assembly and National Council of Provinces recently. 2022-05-17T22:00:00Z ab3837b7-afdf-46a9-bed3-c1fdcd24a027 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-april-2022.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during April 2022 2022-05-09T22:00:00Z d9f0e3bd-26cd-4588-84cd-1791c1973daf https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-march-2022.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during March 2022. 2022-04-03T22:00:00Z 73932a41-8292-45e7-bdd6-a22b4124217b https://www.webberwentzel.com//News/Pages/financial-regulatory-training-sessions-resume.aspx Webber Wentzel is excited to announce that the financial regulatory training sessions will resume from April 2022 with the exciting changes. 2022-03-28T22:00:00Z 0095d19c-c920-4849-ac68-3d18f1b3232b https://www.webberwentzel.com//News/Pages/insurance-informer-prescription-and-joinder-applications-update.aspx The Webber Wentzel insurance team provides clients with regular updates on new developments in insurance law in South Africa. This update unpacks a recent medical malpractice case. 2022-03-22T22:00:00Z 8b61d377-656c-4f2b-a47e-6b69292c4a0d https://www.webberwentzel.com//News/Pages/22-legal-developments-for-businesses-to-monitor-in-2022.aspx We have collated a snapshot of key themes to track in 2022 and of 22 legal developments for the year which you will need to keep a tab on. In 2022, various legal developments are expected to have an impact on businesses, particularly in the fields of liability, ESG, digital and economic transformation. 2022-03-22T22:00:00Z 018b5b09-6224-4729-98ec-334bea5388be https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-february-2022.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during December 2021 to February 2022. 2022-03-06T22:00:00Z 66158650-b560-441a-9ae4-35cb745c2fac https://www.webberwentzel.com//News/Pages/webber-wentzel-recognised-in-chambers-global-2022.aspx Earlier this year, Webber Wentzel was awarded South Africa Law Firm of the Year at the Chambers Africa Awards 2022. Yesterday, Chambers Global released its 2022 results, ranking law firm practices and lawyers according to their client service, commercial vision, business understanding, diligence and value for money. 2022-02-17T22:00:00Z ceec8cf8-8cb8-4224-ab71-4fe4cf3999aa https://www.webberwentzel.com//News/Pages/south-african-law-year-to-come-2022-and-year-in-review-2021.aspx Webber Wentzel has contributed to the Linklaters' global guide series - Year to Come 2022 and Year in Review 2021. The series brings together analysis, thinking and highlights from lawyers around the world across multiple jurisdictions, in the form of topic-specific and jurisdictional guides. 2022-01-17T22:00:00Z 7a92c5c7-2d0b-4884-bdcd-6c8f6325f9ae https://www.webberwentzel.com//News/Pages/proposed-amendments-to-regulation-28-of-the-pension-funds-act.aspx The second draft of amendments to Regulation 28 of the Pension Funds Act addresses several shortcomings in the first draft that stakeholders raised 2021-12-07T22:00:00Z 0ea209cc-e2c3-4353-a5bf-b9517ae9f841 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-november-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during November 2021. 2021-12-07T22:00:00Z 6930a50f-0625-4c20-86ac-c787addc01ba https://www.webberwentzel.com//News/Pages/national-credit-act-case-law-update.aspx There have been two important case law developments under the National Credit Act, 2005. 2021-11-29T22:00:00Z 2dee2f29-e597-4bbf-a830-dfaab595b931 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-october-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during October 2021. 2021-11-03T22:00:00Z 46ee8f46-433a-42e4-a498-f61e9efab672 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-september-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during September 2021. 2021-09-29T22:00:00Z 41fdfce9-dd84-4fb2-b9a4-7ccd083360c4 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-august-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during August 2021. 2021-08-30T22:00:00Z 512d1ede-02b2-416d-9ed9-717c46b3cdd3 https://www.webberwentzel.com//News/Pages/a-journey-of-growth-and-success.aspx Webber Wentzel Senior Partner Christo Els and Managing Partner, Sally Hutton, chat to Tom Pearson in a podcast focussing on the growth and success of one of Africa’s foremost law firms. 2021-08-09T22:00:00Z 0d266c9a-6ccd-4f8f-b948-3eb5b9a6436b https://www.webberwentzel.com//News/Pages/no-doge-ing-the-tax-bill-on-cryptocurrency-transactions.aspx SARS is tightening tax collection on cryptocurrency transactions, which makes it important to distinguish between events that will trigger income tax rates or CGT rates. 2021-08-03T22:00:00Z 36596c22-7e3d-41bf-9b45-7d12729f5b4f https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-july-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during July 2021. 2021-08-02T22:00:00Z 821e5b01-174f-46a5-af4a-d5d6bccf686c https://www.webberwentzel.com//News/Pages/fsca-communication-on-electronic-signatures-and-pre-populated-documents.aspx The Financial Sector Conduct Authority (FSCA) has raised concerns about the potential risks of financial services providers using clients’ electronic signatures for financial transactions when the client is not present. 2021-07-12T22:00:00Z a8df1207-2a00-413d-9854-ffe5e253d833 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-june-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa in June 2021. 2021-07-05T22:00:00Z 1ad96ec9-5bdb-4762-ace0-7b445775c106 https://www.webberwentzel.com//News/Pages/officially-on-the-road-to-crypto-asset-regulation.aspx The recently-published Crypto Asset Policy Paper lays out the types of crypto asset service providers that will be subjected to regulatory oversight and how they will be supervised 2021-06-20T22:00:00Z fb1e6fe8-a658-4e4b-a5f9-7c4fc96186db https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-may-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during May 2021. 2021-05-31T22:00:00Z 18cf7266-4211-4530-a0a2-09732144e277 https://www.webberwentzel.com//News/Pages/financial-regulatory-developments.aspx There have been two key developments in the financial regulatory space which stakeholders should be aware of. Firstly, to the Financial Sector Laws Amendment Bill and also to the Pension Funds Amendment Bill. Comments on both should be in by no later than 12:00 on Monday 17 May 2021. 2021-05-13T22:00:00Z 7f6bda02-8eae-4f32-b29b-5415c3c1c18c https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-april-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during April 2021. 2021-04-29T22:00:00Z 64f679ab-d81e-429c-9d48-743878e463a3 https://www.webberwentzel.com//News/Pages/financial-services-regulation-monthly-update-march-2021.aspx Keep up to date on the most important Financial Services Regulation developments in South Africa during March 2021 2021-03-29T22:00:00Z be5ac8bd-306c-4b32-b3ed-39eb48524f76 https://www.webberwentzel.com//News/Pages/sa-lets-do-business-ebook.aspx ​A tailored and on-the-ground perspective for business in South Africa and those looking to invest in South Africa. 2021-02-28T22:00:00Z 809bff61-3c4a-4eb8-867d-051151ec07d5 https://www.webberwentzel.com//News/Pages/webber-wentzels-expertise-recognised-by-chambers-global.aspx Chambers Global has released their 2021 results. Webber Wentzel had an exceptional year with key highlights. 2021-02-21T22:00:00Z 55dad9ab-18f4-4c01-8879-554412dc9d08 https://www.webberwentzel.com//News/Pages/21-legal-developments-for-businesses-to-monitor-in-2021.aspx We have collated a snapshot of key themes to track in 2021 and of 21 legal developments for the year which you will need to keep a tab on. 2021-02-17T22:00:00Z e9c371b6-f874-4838-8c5d-cca55e65af00 https://www.webberwentzel.com//News/Pages/webber-wentzel-contributes-to-the-chambers-and-partners-2021-insurance-and-reinsurance-guide.aspx Webber Wentzel has contributed the South African section of the Chambers and Partners 2021 Insurance & Reinsurance guide covering 25 jurisdictions. 2021-02-08T22:00:00Z 12fbfe93-5792-4333-b153-31a45fec698d https://www.webberwentzel.com//News/Pages/linklaters-global-guide-year-in-review-2020-and-year-to-come-2021.aspx We have contributed to the Linklaters' global guide series - Year in Review 2020 and Year to Come 2021. 2020-12-06T22:00:00Z 45d2d045-0dee-407a-9e01-f6c9f34b1203 https://www.webberwentzel.com//News/Pages/insider-trading-recent-fines-imposed-by-the-fsca.aspx Recent significant fines imposed by the FSCA on Jooste and others for trading on inside information have highlighted the extensive powers contained in the Financial Markets Act and the dangers of insider trading 2020-11-08T22:00:00Z 87ee36df-9cbe-4b3a-9d7a-8cc034621e0e https://www.webberwentzel.com//News/Pages/digital-transformation-in-the-financial-services-sector.aspx Data protection and cybercrime are becoming more pressing issues for financial services companies to address from a legal perspective, as Covid-19 accelerates digital transformation 2020-08-04T22:00:00Z 2183b955-3da5-4243-8aec-da1e0719c2e0 https://www.webberwentzel.com//News/Pages/impact-of-the-proposed-fica-amendments-on-crypto-asset-service-providers.aspx On 19 June 2020, The Minister of Finance, in terms of the Financial Intelligence Centre Act, 38 of 2001 (“FICA”), published proposed amendments to Schedules 1, 2 and 3 of FICA for public comment. 2020-07-09T22:00:00Z e406d41b-963d-4d60-8df7-f6f998ac03da https://www.webberwentzel.com//News/Pages/proposed-amendments-to-fica-schedules.aspx Proposed amendments to Schedules 1, 2 and 3 of the Financial Intelligence Centre Act (FICA) have recently been published to align FICA with the current International Standards of the Financial Action Task Force as well as recent legislative amendments. Comments on the proposed amendments should be submitted by 18 August 2020. 2020-07-06T22:00:00Z 736ae06e-5950-4a0e-b608-d114ecdb285f https://www.webberwentzel.com//News/Pages/Joint-Standard-on-margin-requirements-for-non-centrally-cleared-over-the-counter-derivative-transactions-published.aspx On 2 June, the Financial Sector Conduct Authority and the Prudential Authority published Joint Standard 2 of 2020, dealing with margin requirements for non-centrally cleared OTC derivative transactions. The objectives of the standard include achieving consistent pricing across the OTC derivatives market and international compliance. This update highlights key features likely to be of interest to banks and asset managers. 2020-06-17T22:00:00Z a5b5d6e9-6c48-4b71-8052-699028ff35ec https://www.webberwentzel.com//News/Pages/final-standards-on-delegation-of-administration-functions-by-cis-managers.aspx The Financial Services Conduct Authority has published the final conduct standards for managers of Collective Investment Schemes to follow when delegating administrative functions, to ensure all potential risks are managed. 2020-05-25T22:00:00Z 9103df94-b2b3-4aa8-a84e-ca009f2c760c https://www.webberwentzel.com//News/Pages/a-sneak-peek-at-the-future-of-crypto-asset-regulation-in-south-africa.aspx The Intergovernmental Fintech Working Group has released its long-awaited position paper on Crypto Assets following the initial consultation paper published in 2019. 2020-05-11T22:00:00Z 01210be2-8852-4938-b32a-c76fd9611cd1 https://www.webberwentzel.com//News/Pages/covid-19-providing-essential-financial-services-heres-a-summary-of-everything-you-need-to-know.aspx The regulations published to give effect the national lockdown directed the Prudential Authority and Financial Sector Conduct Authority to issue directives and guidance to all financial institutions under its jurisdiction in respect of precautionary measures to be taken when performing essential financial services. 2020-04-21T22:00:00Z def8e6f8-5820-48e4-a80a-b50a55a7958c https://www.webberwentzel.com//News/Pages/covid-19-impact-on-banks-non-insurance-financial-has-institutions-and-expectations-on-regulated-are-entities.aspx In response to the Covid-19 emergency, the South African Reserve Bank and the South African financial sector regulators, the Prudential Authority and the Financial Sector Conduct Authority, have implemented several mitigation measures to support the economy and companies. 2020-03-31T22:00:00Z 9174e668-bbea-4a57-8961-17b399f71414 https://www.webberwentzel.com//News/Pages/reflections-on-2019-and-key-insights-for-2020.aspx Each year we publish a South Africa - Year in Review and Year to Come 2019/2020 insights piece with our alliance partner, Linklaters. 2020-01-08T22:00:00Z 1dc271f3-80bb-49b3-b1a0-a25da1d1543d https://www.webberwentzel.com//News/Pages/fsca-proposes-introduction-of-a-conduct-standard-for-banks.aspx On 29 April 2019, the Financial Sector Conduct Authority (FSCA) released a statement supporting the draft Conduct Standard applicable to the conduct of banks under section 106(2)(b) of the Financial Sector Regulation Act 9 of 2017 (FSR Act). 2019-05-06T22:00:00Z fed5ec6f-f114-4c99-8046-9fe7a37e3106 https://www.webberwentzel.com//News/Pages/crowdfunding-an-untapped-funding-resource-for-renewable-energy.aspx Small and innovative renewable energy projects battle to raise funds through formal channels. One possible solution is to reach out to communities with an interest in those projects to help fund them through crowdfunding initiatives. 2019-03-28T22:00:00Z