South Africa
Is there any legislation or proposed legislation in your jurisdiction under which financial institutions are prohibited from dealing in investments as a principal?
As at 12 February 2014, there is no legislation or draft legislation that will introduce prohibitions on South African financial institutions dealing in investments as a principal.
To which financial institutions do the prohibitions relate?
Not applicable as there is no proposal for such law in South Africa.
What exceptions to the ban on proprietary trading are contemplated by the legislation?
Not applicable as there is no proposal for such law in South Africa.
Can any other entity within the relevant financial institution’s group of companies carry on the prohibited activity?
Not applicable as there is no proposal for such law in South Africa.
When will the proposed legislation come into effect?
Not applicable as there is no proposal for such law in South Africa.