South Africa: Financial Sector Assessment Program-Detailed Assessment of Implementation on the IOSCO Objectives and Principles of Securities Regulation

March 3, 2015

Preview Citation

Format: Chicago

South Africa: Financial Sector Assessment Program-Detailed Assessment of Implementation on the IOSCO Objectives and Principles of Securities Regulation, (USA: International Monetary Fund, 2015) accessed November 8, 2024

Summary

This paper discusses findings of the Detailed Assessment of Implementation on the IOSCO (International Organization of Securities Commissions) Objectives and Principles of Securities Regulation in South Africa. Although South Africa’s level of implementation of the IOSCO principles is complete in several areas, there is room for enhancement. The legal framework is robust and provides the authorities with broad supervisory, investigative, and enforcement powers. There are arrangements for on-site and off-site monitoring of regulated entities. The powers to cooperate with domestic and foreign counterparts are extensive. Accounting and auditing standards are high, as is the disclosure regime that applies to listed companies in practice.

Subject: Financial institutions, Financial services, Financial statements, Hedge funds, Public financial management (PFM), Securities, Stocks

Keywords: Africa, Business plan, Clearing member, CR, Equities rule, Executive officer, Financial statements, Hedge fund, Hedge funds, ISCR, JSE rule, Market infrastructure, Securities, Stocks, The JSE

Publication Details

Pages:

252
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/057
Stock No:

1ZAFEA2015007
ISBN:

9781498390866
ISSN:

1934-7685

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