by Paul Esselaar | Jun 26, 2023 | Legal Articles
According to the South African Government News Agency (SANews) the Financial Services Laws General Amendment Bill was tabled in Parliament last week. In short, ‘the Bill, which was released for public comment in March, addresses urgent issues in eleven financial...
by Paul Esselaar | Jun 26, 2023 | Banking and Finance Law, Legal Articles
The Financial Services industry is in a state of flux. The Financial Services Laws General Amendment Bill (FSLGAB) was tabled in parliament on 25 September 2012. The aim of the Bill is to ensure that ‘South Africa has a sounder and better regulated financial services...
by Paul Esselaar | Jun 26, 2023 | Area of Expertise, Banking & Finance Law, Consumer Protection Law, Regulatory Compliance
In the May/June edition of CLR Paul Esselaar wrote about a decision by the Western Cape High Court in which s 89(5)(c) of the National Credit Act was declared unconstitutional for being inconsistent with the right to property in s 25(1). In other words it was found...
by Paul Esselaar | Jun 26, 2023 | Area of Expertise, Banking & Finance Law, Regulatory Compliance
The Department of Trade and Industry has published draft regulations on, “Affordability Assessment for the Amendment of Regulations for matters relating to the functions of the National Consumer Tribunal and Rules for the Conduct of matters before the National...
by Paul Esselaar | Jun 26, 2023 | Area of Expertise, Banking & Finance Law, Consumer Protection Law, Regulatory Compliance
With all the pieces of legislation that are constantly being updated it is easy to miss changes to legislation that are really important – especially if that change comes in the form of a Regulation (something typically drafted by a ministry such as the Department of...