Bill Amending the South African Insolvency Act on OTC Derivatives Published for Comment
This article (04 September 2018) by Clinton van Loggerenberg and Kelle Gagné (from ENSafrica) gives an outline as to changes we are likely to see implemented in terms of South Africa's Insolvency Act in 2019.
ENS gives an overview of how the Insolvency Act in South Africa needs to be amended in order to permit compliance with the draft margin rules for uncleared derivatives. It all hinges on the requirement that collateral should be ‘immediately available’. But has the Bill clarified or muddied the water?
Read it here.