International Monetary FundWorld Bank2013-02-262013-02-262010-10https://hdl.handle.net/10986/12514This is an update of the International Organization of Securities Commissions (IOSCO) assessment that was performed in 2000 as part of the Financial Sector Assessment Program (FSAP) of South Africa. South Africa has made substantial progress in addressing the recommendations of the 2000 FSAP and is continuing to build upon these accomplishments. South Africa was one of the first countries to adopt the International Financial Reporting Standards promulgated by the International Accounting Standards Board. The Department of Trade and Industry (DTI) has the legal authority to register all companies in South Africa, including public companies and to set and enforce disclosure requirements and accounting standards. Significant amendments to the Companies Act dealing with this responsibility were enacted in 2007 and recently in 2009. DTI has not implemented the 2007 or 2009 amendments. Going forward, careful examination should be given to whether the authority and responsibility for these functions should continue in the DTI or be reassigned by Parliament to the Financial Services Board (FSB).en-USCC BY 3.0 IGOACCOUNTINGACCOUNTING STANDARDACCOUNTING STANDARDSACTIVE MARKETAGRICULTURAL COMMODITIESASSET MANAGERSAUDIT COMMITTEEBALANCE SHEETSBANK ASSETSBIDSBONDBOND ISSUESBOND MARKETBOND TRADINGBONDSBROKERBROKERAGEBROKERSBUY BACKCAPITAL ADEQUACYCAPITAL MARKETCAPITAL MARKET REGULATIONCAPITAL MARKETSCAPITAL MARKETS REGULATORSCENTRAL BANKCENTRAL SECURITIES DEPOSITORYCIVIL LAWCLEARING HOUSESCLIENT ASSETSCODE OF CONDUCTCODES OF CONDUCTCOLLECTIVE INVESTMENTCOLLECTIVE INVESTMENTSCOMMERCIAL LAWSCOMMERCIAL PAPERCOMMODITYCOMPANY LAWCONFIDENTIALITYCONFLICT OF INTERESTCONSUMER EDUCATIONCORPORATE DISCLOSURECORPORATE FINANCECORPORATE GOVERNANCECORPORATE LAWSCREDIT RATINGCREDIT RATING AGENCIESCREDITORCURRENCYCUSTODYDEBENTURESDEBTDEBT INSTRUMENTSDEBT SECURITIESDEBTORDEFAULT RISKDERIVATIVEDERIVATIVE INSTRUMENTDERIVATIVE PRODUCTSDERIVATIVE TRANSACTIONSDERIVATIVESDERIVATIVES EXCHANGEDERIVATIVES MARKETDERIVATIVES MARKETSDIRECT ACCESSDISCLOSURE DOCUMENTSDISCLOSURE REQUIREMENTDISCLOSURE REQUIREMENTSDISCLOSURE STANDARDSDOMESTIC BONDDOMESTIC BOND MARKETDUE DILIGENCEECONOMIC EMPOWERMENTENFORCEMENT POWERSEQUITIESEQUITY DERIVATIVESEQUITY MARKETEQUITY SECURITIESEXCHANGE COMMISSIONEXCHANGE CONTROLEXPOSUREEXPOSURESFINANCIAL ADVISERSFINANCIAL ADVISORSFINANCIAL DERIVATIVESFINANCIAL INSTITUTIONFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL MARKETSFINANCIAL PRODUCTSFINANCIAL SECTORFINANCIAL SERVICEFINANCIAL SERVICE PROVIDERSFINANCIAL SERVICESFINANCIAL SERVICES INDUSTRYFINANCIAL STABILITYFINANCIAL STATEMENTFINANCIAL STATEMENTSFOREIGN BANKSFOREIGN COMPANIESFOREIGN EXCHANGEFRAUDFUND MANAGEMENTFUTURESGOVERNMENT DEBTHEDGE FUNDHEDGE FUNDSHEDGESHOLDINGHUMAN RESOURCESINFORMATION SHARINGINSIDER TRADINGINSURANCEINSURANCE COMPANIESINSURANCE COMPANYINSURERSINTELLECTUAL PROPERTYINTEREST RATEINTEREST RATE DERIVATIVESINTERNAL AUDITINTERNAL CONTROLINTERNAL CONTROLSINTERNATIONAL ACCOUNTING STANDARDSINTERNATIONAL BEST PRACTICEINTERNATIONAL BEST PRACTICESINTERNATIONAL FINANCIAL CRISISINTERNATIONAL STANDARDSINVESTMENT BANKSINVESTMENT MANAGEMENTINVESTMENT MANAGERINVESTOR CONFIDENCEINVESTOR EDUCATIONINVESTOR PREFERENCESIPOJURISDICTIONJURISDICTIONSLAW ENFORCEMENTLEGAL AUTHORITYLEGAL FRAMEWORKLEGAL INFRASTRUCTURELEVIESLIMITED PARTNERSHIPSLOCAL GOVERNMENTMARKET CAPITALIZATIONMARKET INTERMEDIARIESMARKET INTERMEDIARYMARKET MANIPULATIONMARKET PARTICIPANTSMARKET STRUCTUREMARKET SURVEILLANCEMARKET TRANSACTIONSMARKET VALUEMARKET-MAKERMONETARY FUNDMONEY LAUNDERINGMONEY MARKETMUTUAL FUNDSNATIONAL TREASURYNEW PRODUCTSPENSIONPENSION FUNDSPORTFOLIOPORTFOLIO MANAGERSPORTFOLIOSPRIVATE SECTOR DEVELOPMENTPROMISSORY NOTESPUBLIC COMPANIESPUBLIC COMPANYPUBLIC OFFERINGSPUBLIC POLICYREGULATORREGULATORY AUTHORITIESREGULATORY AUTHORITYREGULATORY BODYREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY OVERSIGHTREGULATORY REGIMEREGULATORY STANDARDSREGULATORY SYSTEMREGULATORY SYSTEMSREPAYMENTRESERVERESERVE BANKRETURNRISK MANAGEMENTSAVINGSSECONDARY MARKETSECONDARY MARKET TRADINGSECURITIESSECURITIES EXCHANGESSECURITIES MARKETSECURITIES MARKETSSECURITIES REGULATIONSECURITIES TRANSACTIONSSELF-REGULATIONSETTLEMENTSETTLEMENT SERVICESSHAREHOLDERSHAREHOLDERSSHORT-TERM DEBTSPOT MARKETSTOCK EXCHANGESTOCKSSWAPSYSTEMIC RISKTAXTRADESTRADING ACTIVITIESTRADING ACTIVITYTRADING MARKETTRADING PLATFORMTRADING SYSTEMTRADING SYSTEMSTRANSPARENCYTURNOVERUNDERWRITERVALUATIONVOLATILITYWARRANTSWorld Bank10.1596/12514