Changes to the South African Exchange Control Rules : vimars

Changes to the South African Exchange Control Rules


Changes to the South African Exchange Control Rules
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On 4 January 2021 the South African Reserve Bank released Exchange Control Circular No. 1/2021 which provides for the long-awaited relaxation of the South African exchange control rules relating to “loop” structures and investments.
As background, in 2020 the Minister of Finance’s announced in the 2020 Medium Term Budget Policy Statement that the prohibition on "loop" structures for exchange control purposes would be relaxed. As a result, the South African Reserve Bank has advised that from 1 January 2021 the full "loop" structure restriction has been lifted to encourage inward investments into South Africa; subject to the normal criteria applying to inward investments and reporting to the Financial Surveillance Department (FinSurv).

Related Keywords

Namibia , South Africa , Lesotho , South African , , Financial Surveillance Department Finsurv , African Reserve Bank , Exchange Control Circular No , African Exchange Control Regulations , South African Reserve Bank , Exchange Control Circular , Term Budget Policy Statement , Financial Surveillance Department , Common Monetary Area , Authorised Dealer , Exchanges Manual , Authorised Dealers , South African Exchange Control , நமீபியா , லெஸோதொ , பரிமாற்றம் கட்டுப்பாடு வட்ட இல்லை , பரிமாற்றம் கட்டுப்பாடு வட்ட , கால பட்ஜெட் பாலிஸீ அறிக்கை , நிதி கண்காணிப்பு துறை , பொதுவானது பண பரப்பளவு , அங்கீகாரம் பெற்றது வியாபாரி , பரிமாற்றங்கள் கையேடு , அங்கீகாரம் பெற்றது விநியோகஸ்தர் ,

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