Third Party Data entities

 

Attorneys
Any person, who for their own account practices as an attorney as defined in section 1 of the Attorneys Act, 1979, and who pays to or receives on behalf of a third party any amount in respect of an investment, interest or the rental of property as per the Government Gazette No. 36346 of 5 April 2013.
Banks
Banks regulated by the Registrar of Banks in terms of the Banks Act, 1990, or the Mutual Banks Act, 1993 as per the Government Gazette No. 36346 of 5 April 2013.
Companies listed on the JSE
Companies listed on the JSE, and connected persons in relation to the companies, that issue bonds, debentures or similar financial instruments as per the Government Gazette No. 36346 of 5 April 2013.
Co-operatives and persons purchasing from primary producers
Any person (including a co-operative as defined in section 1 of the Income Tax Act, 1962) who purchases any livestock, produce, timber, ore, mineral or precious stones from a primary producer other than on a retail basis as per the Government Gazette No. 36346 of 5 April 2013.
Co-operative Banks
Co-operative Banks regulated by the Co-operative Banks Development Agency in terms of the Co-operative Banks Act, 2007 as per the Government Gazette No. 36346 of 5 April 2013.
Estate agents
Any person, who for their own account carries on the business as an estate agent as defined in the Estate Agency Affairs Act, 1976, and who pays to, or receives on behalf of, a third party, any amount in respect of an investment, interest or the rental of property as per the Government Gazette No. 36346 of 5 April 2013.
Financial Institutions
1) FATCA - The US/SA FATCA IGA provides for SA FFIs to identify and report information with respect to each US reportable account to SARS. FATCA applies to an entity that is a financial institution as described in the IGA that maintains financial accounts where the account holder is a specified U.S. person; or passive entity with controlling persons that are specified U.S. persons.
2) CRS - Financial Institutions resident in SA (referred to as Reporting Financial Institutions or RFIs) that must apply the prescribed due diligence requirements to find reportable accounts and report the prescribed information, include any Financial Entity (whether a legal entity or legal arrangement such as a trust or partnership) that is a Custodial Institution, a Depository Institution, an Investment Entity, or a Specified Insurance Company. Certain Financial Institutions or financial accounts are specifically excluded under the CRS. The CRS Regulations give a generally description of exclude FIs or accounts and specific exclusions are listed in Annex 1 and Annex 2 to the regulations.
Medical Schemes
Any medical scheme registered under section 24(1) of the Medical Schemes Act, 1998 as per the Government Gazette No. 36346 of 5 April 2013.
Organs of state
Organs of state, as defined in section 239 of the Constitution of the Republic of South Africa, 1996, that issue bonds or similar financial instruments as per the Government Gazette No. 36346 of 5 April 2013.
Postbank
The South African Postbank Limited (Postbank) regulated in terms of the South African Postbank Limited Act, 2010 as per the Government Gazette No. 36346 of 5 April 2013.
State-owned companies
State-owned companies, as defined in section 1 of the Companies Act, 2008, that issue bonds, debentures or similar financial instruments as per the Government Gazette No. 36346 of 5 April 2013.

 

Last Updated: 12/07/2017 2:08 PM     print this page
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