THE FINANCIAL MARKETS ACT, 2012 COMES INTO EFFECT ON 3 JUNE 2013
Thursday, October 03, 2013
The Financial Markets Act, 2012 (FMA) comes into operation on 3 June 2013 and will repeal the Securities Services Act, 2004 that has governed the regulation of securities services in South Africa since 2005. The FMA primarily focuses on the regulation of securities exchanges, central securities depositories, clearing houses and their respective members.
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