Financial Matters Amendment Bill with amendments to the Insolvency Act published - financial market participants have until just 8 February to comment

On 1 February 2019, the South African Minister of Finance published the Financial Matters Amendment Bill (the “Bill”) containing a long-awaited amendment to section 83 of the Insolvency Act, 1936.

Filed under:
South Africa, Derivatives, Insolvency & Restructuring, ENS
Authors:
Clinton van Loggerenberg , Kelle Gagné
Location:
South Africa
Firm:
ENS
Margin requirements for OTC derivatives - The final draft of the Joint Standard?

On 8 April 2019, the South African Financial Sector Conduct Authority and Prudential Authority (collectively, the “Authorities”) published yet another draft of the Joint Standard on Margin Requirements for Non-Centrally Cleared OTC Derivatives (the “Margin Requirements”). The last draft had been published in August 2018.

Filed under:
South Africa, Capital Markets, Derivatives, Insolvency & Restructuring, ENS, Credit derivative, Bankruptcy and Insolvency Act 1985 (Canada)
Authors:
Kelle Gagné
Location:
South Africa
Firm:
ENS