South Africa
The Financial Markets Act provides for the regulation of financial markets; it covers regulation and controls securities trading and prohibits market abuse.
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Overview: This law provides for the regulation of financial markets. It covers the licensing and regulation of exchanges, central securities depositories, clearing houses and trade repositories. It regulates and controls securities trading, clearing and settlement and the custody and administration of securities. It prohibits insider trading and other market abuses. In addition, it provides for the approval of nominees and codes of conduct.
Chapter X: Market Abuse
- Offences:
- 77: Definitions
- 78: Insider trading
- 79: Publication (of information)
- 80: Prohibited trading practices (spoofing/layering, wash trading, marking the open/close etc.)
- 81: False, misleading or deceptive statements, promises and forecasts
- Insider trading sanction:
- 82: Liability resulting from insider trading
- Procedural matters:
- 83: Attachments and interdicts
- Administration of Chapter:
- 84: Powers and duties of Financial Services Board (supervision)
- 85: Composition and functions of directorate
- 86: Financing of directorate
- General provisions:
- 87: Protection of existing rights
- 88: Confidentiality and sharing of information
- Offences:
Resources & Insights
Nasdaq Crypto Regulation Guide: Africa
Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Africa provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Africa.
Stay up to date with evolving crypto regulations.
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Thought Leadership
Cryptocurrency Regulation Guide Africa
Read Nasdaq’s comprehensive and updated guide to learn about all the major policies of Africa that govern the regulation of crypto assets.
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