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Financial Surveillance

New headline embodying the full program

Insights into the history of Exchange Controls globally and the role played in the general economy. Financial Surveillance (exchange controls) in South Africa which includes:  current practices, regulatory requirements and how 'controls' impact currency flows. Insights on the emerging new Capital Management Framework and useful interactive 'case studies'

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Modules
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Program Overview

Modules

1
Introduction to Financial Surveillance (Exchange Control)
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2
Financial Surveillance (Exchange Controls) In South Africa
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3
Duties and Responsibilities of Authorised Dealers
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4
Capital Flow Management Framework
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5
Cross Border Payments – Control Measures and Limits
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6
Other Specific Control Measures
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Course Overview
Facilitators: Keith White
Modules

Modules

Looking for specific topics within the discilines desplayed below. Talk to us. We can address these needs in separate short sessions.   

Module 1

MODULE
1

Introduction to
Financial Surveillance
(Exchange Control)

  • What are Exchange controls?

  • Why Implement Exchange controls?

  • Deregulation of Exchange Controls

MODULE
2

Financial Surveillance (Exchange Controls) In South Africa

  • Historical overview of Financial Surveillance in South Africa

  • Exchange Control Legislation

  • South African Financial Surveillance Administration Framework

Module 2

MODULE
3

Duties and Responsibilities of Authorised Dealers

  • Procedural Guidelines for Administration

  • Documentary requirements

  • Reporting requirements

Module 3

MODULE
4

Capital Flow Management Framework

  • Policy surrounding the move from Exchange Controls to capital flow management, in order to regulate cross border capital flows

  • Main features of the new Framework

  • Descriptions of capital flow management measures (summary)

Module 4

MODULE
5

Cross Border Payments – Control Measures and Limits

  • Introduction

  • Various permitted transactional limits

  • Single Discretionary Allowance (SDA) – Control requirements

  • Import payments - terms and related documentary requirements

  • Merchanting trade

  • Capital Transfers – Private individuals residing in South Africa. Reference to ‘Loop’ investments

  • Capital Transfers – Local companies. Reference to ‘Loop’ investments

  • Income transfers to Non-Residents and individuals who ‘cease to be SA Tax Residents’

  • Payments in terms of agreements between Residents and Non-Residents

  • Inward Loans from Non-Residents

Module 5

MODULE
6

Other Specific Control Measures

  • Various account types (e.g. CFC and FCA) as well as control of Non-Resident designated accounts

  • Forward Cover between Authorised Dealers and Residents inclusive of Active Currency Management (ACM)

  • Securities Control – Highlighting administrative and documentary requirements for inward investment, endorsement of share certificates, dividend transfers, etc

  • Private individuals who ‘Cease to be SA Tax Residents

  • Legacies from deceased estates and Testamentary Trusts

  • Local Financial Assistance to Affected persons and Non-Residents

  • Local Financial Assistance to Affected persons and Non-Residents

  • Prudential Limits for Institutional Investors

  • Transfer of intellectual property rights

  • Transactions with the Common Monetary Area (CMA)

  • Foreign currency holdings

Module 6
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How to Register

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How to Register?
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