This blog was co-authored by Akhona Kambule, Candidate Attorney.
In recent months, the idea of governments holding Bitcoin as a strategic reserve asset has been gaining significant attention. Countries, particularly in the Middle East and the United States, are exploring this shift, which could have major implications for global finance.
A strategic reserve traditionally consists
In the ever-evolving landscape of financial regulation, the Financial Sector Conduct Authority and the Prudential Authority have introduced two pivotal standards aimed at enhancing the robustness of financial institutions’ IT frameworks. These are the Joint Standard 1 of 2023 – IT Governance and Risk Management Requirements, published in November 2023, and the Joint Standard
The Constitutional Court has provided much needed certainty to the retirement fund industry following the surprising April 2022 judgment of the Supreme Court of Appeal in Municipal Employees Pension Fund & Another v Pandelani Midas Mudau and Another.
On 02 August 2023, the Constitutional Court overturned the SCA judgment. The facts of the matter
Industry role players who have found themselves subject to regulatory action taken by the Prudential Authority (PA) or the Financial Sector Conduct Authority (FSCA) may apply to the Financial Service Tribunal (FST) for reconsideration of that action. Reasons for the decision can be requested within 30 days and the application must be made within 30
The National Treasury has announced the appointment of Deputy Governor of the Reserve Bank, Kuben Naidoo, as the CEO of the Prudential Authority under the Financial Sector Regulation Act. The announcement also explains the process for appointing the Commissioner and Deputy Commissioner of the Financial Sector Conduct Authority.
The FSB will ‘close down on 31