Draft Regulations relating to Beneficial Ownership Registers and Records of Details of Accountable Institutions, 2023

Call for comments opened 11 January 2023 Share this page:

Submissions must be received by no later than 13 February 2023

Justice and Correctional Services

The Department of Justice and Constitutional Development invites interested parties to submit written comments on the draft Regulations Relating to Beneficial Ownership Registers and Records of Details of Accountable Institutions, 2023.

The draft regulations are made by the Minister of Justice and Correctional Services in terms of the Trust Property Control Act, 1988 (Act No. 57 of 1988), as amended by the General Laws (Anti-Money Laundering and Combating of Terrorism Financing) Amendment Act, 2022 (Act No. 22 of 2022), and are intended to improve the regulatory framework in order to maintain the integrity of South Africa’s financial system.

Comments on the draft regulations must be submitted before 13 February 2023, marked for the attention of Ms V Letswalo. The contact details are:

(a) Postal address: The Director-General: Justice and Constitutional Development, Private Bag X81, Pretoria, 0001;

(b) address for hand delivery: SALU Building, Room 23.24, 316 Thabo Sehume Street, Pretoria

(c) e-mail address: Bills3@justice.gov.za

(d) fax number: 012 406 4632.

Further information can be obtained from Ms V Letswalo at 012 406 4760.