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Tag Archives | Transactions

financial-advice

Joint Standard 2 of 2020 – Margin Requirements for non-centrally cleared OTC derivative transactions

The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA), acting with the concurrence of the South African Reserve Bank, recently published a Joint Standard which prescribes margin requirements for non-centrally cleared OTC derivative transactions. The Joint Standard applies to a provider entering into non-centrally cleared OTC derivative transactions with a counterparty or a […]

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Tax-changes

VAT rate on short-term insurance transactions

The South African Insurance Association has compiled a list of questions and answers to provide guidance in respect of the impact of the change in VAT rate on short-term insurance transactions. Note from SAIA- 16-May: When this document was prepared and released on 26 March 2018, the insurance industry had applied for a special transitional ruling under […]

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