Attorneys in private practice and those working in law firms all have an obligation to stay compliant with a host of regulatory requirements, says Sabinet, one of the leading suppliers of online legal information in South Africa.
“Attorneys operating in the mercantile or commercial law space shoulder enormous responsibility to ensure that their clients remain legally compliant,” says Sanet Vos, Sabinet’s Head of Product. “All transactions are governed by Financial Regulatory Instruments issued by the South African Reserve Bank (SARB) and the Financial Sector Conduct Authority (FSCA).”
Mercantile law relates to merchants and traders, while commercial law talks specifically to those who are dealing in a business of exchanges and transactions, whether for products or services, with regard to the regulation of profit-driven transactions. These laws apply to the conduct, rights and relations of individuals and businesses engaged in merchandising, commerce and trade. Click here to read full article