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Strate Collateral Management Services (SCMS): An automated, compliant Tri-Party Collateral solution that completely meets the market’s collateral needs

Regulation for cleared and non-cleared derivatives has driven the themes of collateral transparency, segregation, collateral tracking , standard reporting requirements and eligibility. Upcoming regulation, such as Secured Funding Transaction Reporting (SFTR), is further driving these themes at a transactional level for securities lending and borrowing, margin lending, commodities lending and borrowing and repurchase transactions. It […]

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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway

During 2014 Strate’s regulator, the Financial Services Board (FSB), announced that Strate had been allocated a globally unique four-digit prefix that it will use to issue Legal Entity Identifiers (LEIs). Strate has now applied to become a fully-operational local operating unit (LOU) to the Regulatory Oversight Committee (ROC).   The LEI is a 20-digit, alpha-numeric code, to […]

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The Benefits of Strate for Listed Companies, Chartered Secretaries and the Financial Markets

Governance. Compliance. Risk. Three words that are well known to any chartered secretary. So when it comes to the post-trade environment and the processing of corporate actions, why should someone in the profession settle for anything less?   For close to two decades, Strate has provided the local market with the highest governance standards, compliance […]

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Introduction to Withholding Tax on Interest

Interest payments in foreign jurisdictions are often subject to a withholding tax on payments to non-residents.   This implies that non-residents would receive interest payments net of tax. In accordance with the Taxation Laws Amendment Act No. 31 of 2013, the South African Revenue Service (SARS) has introduced a withholding tax on interest at a rate of 15%, effective 1 January […]

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Transnational Securities Law Publication Now Available

The first book to provide a comprehensive analysis of securities law at the transnational level has been published. The book, titled ‘Transnational Securities Law’, identifies best-practice solutions that practitioners can apply pending formal harmonisation. It analyses the Geneva and Hague Securities Conventions highlighting gaps in the current legislation and identifying where improvements should be made. The book focuses […]

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The Requirement to Disclose Email Addresses in the Securities Register (BND)

During 2013, the disclosure of shareholder information became a topical subject for the market following changes to legislation, receiving quite a lot of attention from the South African financial media. The legislative changes resulted in a number of questions being raised about the electronic securities register, which is why we  have taken the opportunity to clarify some of […]

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Strate Receives Feedback on the Review of its CPSS-IOSCO Assessment

In December 2012, The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organisation of Securities Commissions (IOSCO) released a set of 24 Principles for Financial Market Infrastructures (FMIs), as well as an associated Assessment Methodology and Disclosure Framework, to effectively help these organisations address essential aspects of risk management within the financial markets. […]

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CSD Rules Amended to Align to Financial Markets Act

Strate’s regulator, the Financial Services Board (FSB), has approved the amendments to the Central Securities Depository (CSD) Rules to have them aligned to new legislation.   “Following the implementation of the Financial Markets Act, 2012 (FMA), the CSD Rules had to be adjusted to align to the new legislation as well as to the National Payment System […]

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Companies’ share register information is not restricted by new laws

While the Protection of Personal Information Bill (PoPI) and the Financial Markets Act 2012 (FMA) will have an influence on the manner in which companies and Strate respectively deal with personal information, access to the companies’ share registers by the shareholders and the public in terms of the Companies Act will not be affected by these new laws.

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The legal impact of privacy laws on the share register

The much-anticipated Protection of Personal Information Bill (PoPI) and the Financial Markets Act 2012 (FMA) will have a huge influence on the manner in which Strate deals with personal information in relation to the shareholders of listed companies …

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