Legal Practice Council Calls for Comment on Succession Planning Draft Amendments
Children’s Amendment Bill: DBE Gazettes Explanatory Summary for ECD Transfer
IASB Proposes Risk Mitigation Accounting Amendments to IFRS 9 and IFRS 7
CSOS Board Dissolved and Administrator Appointed Under Section 28 of CSOS Act
SARS Issues Compliance Notice on Traveller Declarations and Third-Party Fees
Automotive Sector Code of Conduct Gazetted Under Consumer Protection Act
Consumer Goods and Services Industry: Replacement Code of Conduct Gazetted
Operation Vulindlela Structural Reforms: Energy, Freight, Water, and Immigration Updates
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The Department of Trade, Industry and Competition has withdrawn proposed draft amendments to regulations under the National Credit Act, No. 34 of 2005, to allow for further stakeholder consultation. The Prudential Authority has released a draft directive under the Banks Act, No. 94 of 1990, outlining new requirements for board independence and the appointment of independent non-executive directors as committee chairs. The FSCA, PA, and National Treasury have released new directives and strategies concerning cloud computing risk mitigation and disaster response financing frameworks. The Prudential Authority has released a draft directive outlining the phased implementation roadmap for Basel III post-crisis reforms under the Banks Act, No. 94 of 1990. National Treasury and the FSCA have published the 2025 policy benefit escalations for health and accident insurance products, effective 1 April 2025. The Financial Sector Conduct Authority (FSCA) has issued a notice exempting retail funds from the requirements of section 14(1) of the Pension Funds Act, No. 24 of 1956, regarding amalgamations and transfers. The Financial Sector Conduct Authority has invited public comment on draft amendments to the JSE Interest Rate and Currency Derivatives Rules, specifically concerning the introduction of tri-party repurchase transactions. The Prudential Authority has issued new guidelines for banks and controlling companies regarding the internal ratings-based (IRB) approach for credit risk exposure. The Prudential Authority has issued a draft directive proposing new risk weightings for bank exposures secured by forest and agricultural land, with a comment deadline of 14 July 2025. National Treasury has gazetted substantive amendments to Regulation 23 of the Banks Act, No. 94 of 1990, revising credit risk exposure measurement requirements effective 1 July 2025. The Prudential Authority has called for input on a draft directive under the Banks Act, No. 94 of 1990, concerning the approval and measurement of large exposures.The views expressed herein are those of the author and do not necessarily reflect those of Acts Online. Acts Online accepts no responsibility for the accuracy, completeness or fairness of the article, nor does the information contained herein constitute advice, legal or otherwise.
