{
  "title": "South Africa: Financial Sector Assessment Program-Detailed Assessment of Implementation on the IOSCO Objectives and Principles of Securities Regulation",
  "publication": "IMF Staff Country Reports, March 3, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/south-africa-financial-sector-assessment-program-detailed-assessment-of-implementation-on-42759",
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  "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.",
  "publishDate": "2015-03-03",
  "series": "IMF Staff Country Reports",
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    {
      "heading": "Summary findings",
      "content": "- The paper presents the Detailed Assessment of Implementation on the IOSCO (International Organization of Securities Commissions) Objectives and Principles of Securities Regulation in South Africa.\n- South Africa’s level of implementation of the IOSCO principles is complete in several areas, but there is room for enhancement.\n- The legal framework is robust and provides the authorities with broad supervisory, investigative, and enforcement powers.\n- Arrangements exist for on-site and off-site monitoring of regulated entities.\n- Powers to cooperate with domestic and foreign counterparts are extensive.\n- Accounting and auditing standards are described as high, and the disclosure regime that applies to listed companies is high in practice."
    },
    {
      "heading": "Legal framework, supervisory and enforcement powers",
      "content": "- Legal framework characterized as robust.\n- Authorities possess broad supervisory, investigative, and enforcement powers."
    },
    {
      "heading": "Monitoring and oversight arrangements",
      "content": "- There are arrangements for on-site monitoring of regulated entities.\n- There are arrangements for off-site monitoring of regulated entities."
    },
    {
      "heading": "Cooperation and cross-border powers",
      "content": "- The authorities have extensive powers to cooperate with domestic counterparts.\n- The authorities have extensive powers to cooperate with foreign counterparts."
    },
    {
      "heading": "Accounting, auditing and disclosure",
      "content": "- Accounting standards are high.\n- Auditing standards are high.\n- The disclosure regime applying to listed companies is high in practice.\n\n---\n\n Content in this bundle\n\n- cr1557\n  - cr1557 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1557 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/south-africa-financial-sector-assessment-program-detailed-assessment-of-implementation-on-42759"
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    "Published: March 3, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498390866.002",
    "The paper presents the Detailed Assessment of Implementation on the IOSCO (International Organization of Securities Commissions) Objectives and Principles of Securities Regulation in South Africa.",
    "South Africa’s level of implementation of the IOSCO principles is complete in several areas, but there is room for enhancement.",
    "The legal framework is robust and provides the authorities with broad supervisory, investigative, and enforcement powers.",
    "Arrangements exist for on-site and off-site monitoring of regulated entities.",
    "Powers to cooperate with domestic and foreign counterparts are extensive.",
    "Accounting and auditing standards are described as high, and the disclosure regime that applies to listed companies is high in practice.",
    "Legal framework characterized as robust.",
    "Authorities possess broad supervisory, investigative, and enforcement powers.",
    "There are arrangements for on-site monitoring of regulated entities.",
    "There are arrangements for off-site monitoring of regulated entities.",
    "The authorities have extensive powers to cooperate with domestic counterparts.",
    "The authorities have extensive powers to cooperate with foreign counterparts.",
    "Accounting standards are high.",
    "Auditing standards are high.",
    "The disclosure regime applying to listed companies is high in practice.",
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