Regulations

In February 2014 the South African Revenue Service (SARS) announced that the implementation date of the FATCA Agreement with the USA was 28 October 2014.

What does this mean?

FATCA is the international agreement imposed by the USA on all signatories (which in effect means any country wishing to remain on cordial financial terms with

Increased regulation on the horizon

Earmarked as a contributor to the 2008 financial crisis, over-the-counter (OTC) derivatives were one of the financial instruments identified by the G20 summit as needing increased regulation. Different jurisdictions have approached the regulation of OTC derivatives in their own manner. In South Africa, regulation has been addressed in the Financial