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Regulatory Compliance and Legislation News

Tax Practitioners: Declaration & Monitoring process logo

Tax Practitioners: Declaration & Monitor...

SAICA has issued a notice confirming that their 2024 annual tax compliance status verification and t...


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Trustees must submit Beneficial Ownership Information by 15 November 2024 logo

Trustees must submit Beneficial Ownershi...

The Department of Justice and Constitutional Development (DoJ&CD) has issued a media statement confi...


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Trust Accounts: Legal Practitioners – updated publications logo

Trust Accounts: Legal Practitioners – up...

The LPFF (Legal Practitioners Fidelity Fund) has issued 7 important publications re Engagements on L...


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DoEL Guide: Health & Safety in the Workplace logo

DoEL Guide: Health & Safety in the Workp...

The Department of Employment and Labour has published a guide on What every worker should know about...


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FSCA: Integrated Annual Report 2023/2024 logo

FSCA: Integrated Annual Report 2023/2024

The Financial Sector Conduct Authority (FSCA) has published their Integrated Report 2023/2024.


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PPRA: Action taken against fraudulent activities by Property Practitioners logo

PPRA: Action taken against fraudulent ac...

The Property Practitioners Regulatory Authority (PPRA) has issued a serious warning regarding fraudu...


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Revisions to the definitions of Listed Entity and Public Interest Entity in the SAICA Code logo

Revisions to the definitions of Listed E...

The South African Institute Chartered Accountants (SAICA) has approved the Revisions to Definitions...


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Guidelines for Municipal Trading Services logo

Guidelines for Municipal Trading Service...

National Treasury has issued guidance for municipal trading services.


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Spam call loophole in SA logo

Spam call loophole in SA

The Information Regulator has admitted that nothing prevents telemarketers “from calling you until t...


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Manual Trust Interest due to the LPFF paid to the incorrect bank accounts logo

Manual Trust Interest due to the LPFF pa...

The Legal Practitioners Fidelity Fund (LPFF) has issued a notice to urge Legal Practitioners (who ar...


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Updated list of banks that have entered into banking arrangements with the LPFF logo

Updated list of banks that have entered...

The Legal Practitioners Fidelity Fund (LPFF) has issued a notice to inform stakeholders of the updat...


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PPRA: Guidelines on FFC registration and trading name requirements logo

PPRA: Guidelines on FFC registration and...

The Property Practitioners Regulatory Authority (PPRA) has issued a notice to all Property Practitio...


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PPRA: Guidelines on FFC registration and trading name requirements logo

PPRA: Guidelines on FFC registration and...

The Property Practitioners Regulatory Authority (PPRA) has issued a notice to all Property Practitio...


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FICA Appeal Board Judgment logo

FICA Appeal Board Judgment

The Financial Intelligence Centre (FIC) Appeal Board has upheld sanctions against a company for fail...


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Consumer Goods and Services Ombud (CGSO): 2023-24 Annual Report logo

Consumer Goods and Services Ombud (CGSO)...

The Consumer Goods and Services Ombud (CGSO) has released its annual report for the 2023/24 financia...


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National Minimum Wage (NMW) Adjustment: comments invited logo

National Minimum Wage (NMW) Adjustment:...

The National Minimum Wage (NMW) Commission has invited comments/written representations concerning p...


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PPRA: Practice Note on Interest Earned on Property Practitioner’s Trust Accounts logo

PPRA: Practice Note on Interest Earned o...

The Property Practitioners Regulatory Authority (PPRA) has issued a Practice Directive of 2023 in te...


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Employment Equity Amendment Act and Regulations: 2024 EE Reporting period logo

Employment Equity Amendment Act and Regu...

Since the Employment Equity Amendment Act (EEAA) and its regulations have not come into operation ye...


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FSCA: Two-Component System considerations for defined benefit funds logo

FSCA: Two-Component System consideration...

The Financial Sector Conduct Authority (FSCA) has issued a document setting out the two-pot componen...


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Property Practitioners Regulatory Authority (PPRA): FAQs on Compliance logo

Property Practitioners Regulatory Author...

The Property Practitioners Regulatory Authority (PPRA) has published a collection of Frequently Aske...


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Registration of all remaining industries regulated by the Property Practitioners Regulatory Authority (PPRA) logo

Registration of all remaining industries...

The Property Practitioners Regulatory Authority (PPRA) has issued a notice confirming that the regis...


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Property Practitioners Regulatory Authority (PPRA): 2024 Trust Account Audit Reports Submission Reminder logo

Property Practitioners Regulatory Author...

This is a reminder for business property practitioners who are not in possession of trust account ex...


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Financial Intelligence Centre (FIC): Public Compliance Communication (PCC) 59 on Beneficial Ownership logo

Financial Intelligence Centre (FIC): Pub...

The Financial Intelligence Centre (FIC) has published Public Compliance Communication (PCC) 59 which...


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National Treasury: Updated FAQs Two-Pot Retirement system logo

National Treasury: Updated FAQs Two-Pot...

National Treasury has updated their previously issued Frequently Asked Questions (FAQs) on the Two-P...


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FIC: SA’s Heightened Terrorist Financing Risk logo

FIC: SA’s Heightened Terrorist Financing...

In light of the heightened terrorist financing risk level, the Financial Intelligence Centre (FIC) e...


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Companies Amendment Bills Signed into Law logo

Companies Amendment Bills Signed into La...

The long-awaited First and Second Companies Amendment Bills have been signed into law, according to...


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Financial Intelligence Centre (FIC) Risk and Compliance Returns (RCRs) update on compliance logo

Financial Intelligence Centre (FIC) Risk...

The Financial Intelligence Centre (FIC) has identified business sectors that are willfully standing...


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FAQs: Two-Pot Retirement system logo

FAQs: Two-Pot Retirement system

National Treasury has compiled and issued Frequently Asked Questions (FAQs) on the Two-Pot Retiremen...


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Two-pot: New Pension Funds Amendment Act logo

Two-pot: New Pension Funds Amendment Act

President Cyril Ramaphosa has signed the Pension Funds Amendment Bill into law, which amends pension...


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Commission for EE (CEE): 24th Annual Report 2023/24 logo

Commission for EE (CEE): 24th Annual Rep...

The Department of Employment and Labour (DoEL) has published the 24th Commission for Employment Equi...


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Implementation date of Rules re Labour and LAC proceedings logo

Implementation date of Rules re Labour a...

The Office of the Chief Justice has gazetted the minutes announcing that the Rules regulating the co...


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CGSO: Newsletter Qtr 1 2024 logo

CGSO: Newsletter Qtr 1 2024

The CGSO has issued their 1st Quarter newsletter that covers the period March 2024 to May 2024.


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FAIS Ombud Council Rules for the Ombud for FSPs – Compensation Limit raised logo

FAIS Ombud Council Rules for the Ombud f...

The Office of the FAIS Ombud welcomed the publication of the Ombud Council Rules for the Ombud for F...


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PPRA & FIC: Property Practitioners’ obligation to report Suspicious and Unusual Transactions to FIC logo

PPRA & FIC: Property Practitioners’ obli...

The Property Practitioners Regulatory Authority (PPRA) Financial Intelligence Centre (FIC) has remin...


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PPRA: Policy update re FFC renewal & historical penalties logo

PPRA: Policy update re FFC renewal & his...

The Property Practitioners Regulatory Authority (PPRA) has issued an important update regarding the...


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PPRA: 2025 3-Year FFC renewal commencing on 1 July 2024 logo

PPRA: 2025 3-Year FFC renewal commencing...

The Property Practitioners Regulatory Authority (PPRA) has issued an important notification that wil...


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Treasury: Update re FATF greylisting logo

Treasury: Update re FATF greylisting

National Treasury has issued a media statement providing an update on the actions necessary before t...


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FSCA: Regulatory Actions Report for 2023/2024 logo

FSCA: Regulatory Actions Report for 2023...

The Financial Sector Conduct Authority (FSCA) has published its latest Regulatory Actions Report for...


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IVSC: Inspection of tangible assets as part of the valuation process logo

IVSC: Inspection of tangible assets as p...

The International Valuation Standards Council (IVSC) has published their latest Perspectives Paper,...


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URGENT Reminder: Submit 2023 ROE by deadline logo

URGENT Reminder: Submit 2023 ROE by dead...

This is a reminder that the Return of Earnings (ROE) by employers for the 2023 assessment period mus...


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FSCA: Public warning against impersonators of FSPs logo

FSCA: Public warning against impersonato...

The Financial Sector Conduct Authority (FSCA) warns the public against doing financial services rela...


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Reminder to submit PAIA reports by 30 June 2024 logo

Reminder to submit PAIA reports by 30 Ju...

The Independent Regulatory Board for Auditors (IRBA) would like to remind all firms of their obligat...


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DoL_Warning re fraud logo

DoL_Warning re fraud

The Department of Employment and Labour (DoEL) has issued a public warning to raise awareness of fra...


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FIC: Draft PCC121A re Beneficial Ownership and the application of Section 21B of FICA logo

FIC: Draft PCC121A re Beneficial Ownersh...

The Financial Intelligence Centre (FIC) has issued Draft Public Compliance Communication 121A (Draft...


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2023 Employment Equity Public Register logo

2023 Employment Equity Public Register

The Department of Labour has published the list of designated employers who submitted their Employme...


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2024 FIC Act booklet logo

2024 FIC Act booklet

The Financial Intelligence Centre (FIC) has published a 312-page FIC Act booklet on Anti-Money Laund...


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Period to submit 2024 employment equity reports opens soon logo

Period to submit 2024 employment equity...

The deadline for employers to submit their annual 2024 employment equity (EE) reports is 15 January...


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National Health Insurance (NHI) FAQs logo

National Health Insurance (NHI) FAQs

The Department of Health (DoH) has published a Frequently Asked Questions (FAQ) document on the Nati...


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National Health Insurance (NHI) Bill signed into law logo

National Health Insurance (NHI) Bill sig...

President Ramaphosa signed the (National Health Insurance) NHI Bill into law on 15 May 2024.


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FSCA: Updated Requirements for rule amendments to be submitted by retirement funds – 2-Pot System logo

FSCA: Updated Requirements for rule amen...

The Financial Sector Conduct Authority (FSCA) has issued a communication confirming the Updated Requ...


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Information Regulator: Submission of annual PAIA reports due by 30 June 2024 logo

Information Regulator: Submission of ann...

The Information Regulator published a notice to all private and public bodies, reminding them to, in...


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Expiry of COIDA Letters of Good Standing logo

Expiry of COIDA Letters of Good Standing

This is a reminder that all Letters of Good Standing (LOGS) issued by the Compensation Fund to COIDA...


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FIC: Draft Directive 9 on the travel rule relating to crypto asset transfers logo

FIC: Draft Directive 9 on the travel rul...

The Financial Intelligence Centre (FIC) has issued Draft Directive 9, which will require accountable...


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Draft amendments to Money Laundering and Terrorist Financing Control Regulations in terms of the FICA logo

Draft amendments to Money Laundering and...

National Treasury has issued Draft amendments to the Money Laundering and Terrorist Financing Contro...


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COIDA: New maximum earnings (OID limit) for 2024/2025 logo

COIDA: New maximum earnings (OID limit)...

The Department of Employment and Labour has confirmed that the Maximum Earnings on Provisional Asses...


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Employment of undocumented foreign nationals logo

Employment of undocumented foreign natio...

The Department of Employment and Labour has confirmed that the employment of undocumented foreign na...


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SRD Grant: New Regulations logo

SRD Grant: New Regulations

The Department of Social Development has added new regulations in the Social Relief of Distress (SRD...


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SASSA: Grants increase 1 April 2024 logo

SASSA: Grants increase 1 April 2024

An increase for SASSA (South African Social Security Agency) grants came into effect on 1 April 2024...


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CGSO: Newsletter 4 Qtr 2023 logo

CGSO: Newsletter 4 Qtr 2023

The CGSO has issued their 4th Quarter newsletter that covers the period December 2023 to February 20...


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SAICA: Changes to CA2025 competency framework – reduced learning outcomes logo

SAICA: Changes to CA2025 competency fram...

SAICA has announced that the latest major feature and impact changes to the SAICA CA2025 competency...


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Companies Tribunal: Practice Note 1 of 2024 logo

Companies Tribunal: Practice Note 1 of 2...

The Companies Tribunal has issued Practice Note 1 of 2024, which deals with the Interpretation of Se...


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SAICA: Code of Conduct 2023 logo

SAICA: Code of Conduct 2023

The South African Institute of Chartered Accountants (SAICA) has published the newly revised 2023 ed...


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NEW! SAICA: Separate Guidelines & Templates 2024 logo

NEW! SAICA: Separate Guidelines & Templa...

SAICA has published the new 2024 Guidelines & Templates relating to the 2024 Training Regulations, w...


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NEW! SAICA: 2024 Training Regulations logo

NEW! SAICA: 2024 Training Regulations

SAICA has published the new 2024 Training Regulations, which are effective from 1 January 2024 and r...


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Reminder: SAICA CPD declaration logo

Reminder: SAICA CPD declaration

SAICA members are urged to remember to complete their CPD declaration on the Member Portal by 31 Jan...


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PPRA: The Property Practioner’s Landscape (Reminder of late submission penalties) logo

PPRA: The Property Practioner’s Landscap...

The Property Practitioners Regulatory Authority (PPRA) has published an article reminding property p...


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IRBA: News #64 logo

IRBA: News #64

IRBA has released its latest quarterly newsletter, providing useful summaries of changes to various...


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CIBA: New guides logo

CIBA: New guides

CIBA (Chartered Institute for Business Accountants) has issued 2 new guides.


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OTO: Special Edition newsletter logo

OTO: Special Edition newsletter

The Office of the Tax Ombud has published a Special Edition Newsletter in November 2023.


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OTO: Annual Report 2022/2023 logo

OTO: Annual Report 2022/2023

The Office of the Tax Ombud has issued its Annual Report 2022/2023.


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SAICA: It’s CPD declaration season! logo

SAICA: It’s CPD declaration season!

SAICA members are urged to remember to complete their CPD declaration on the Member Portal by 31 Jan...


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CIPC: Automation of filing director changes logo

CIPC: Automation of filing director chan...

As of 1 December 2023, the Companies and Intellectual Property Commission (CIPC) will be launching a...


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LPFF: Auditors and AUP report for refunds logo

LPFF: Auditors and AUP report for refund...

Registered auditors are now required to submit an Agreed-Upon Procedure Report on work conducted on...


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Deceased Estate matters: Chief Masters Directive 9 logo

Deceased Estate matters: Chief Masters D...

The Master’s Office of the Department of Justice has published Circular 61 of 2023, which issues a n...


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