foreign commodity derivatives definition
foreign commodity derivatives means those commodity securities which are cash settled derivative instruments and the financial terms of which are determined by an underlying foreign referenced commodity; “foreign investments” means the following JSE authorised investments -(a) securities listed on an external exchange;(b) units or any other form of participation in a foreign collective investment scheme approved by the Registrar of Collective Investment Schemes in terms of section 65 of the Collective Investment Schemes Control Act, 2002;(c) units or any other form of participation in a collective investment scheme licensed or registered in a foreign country; and(d) foreign funds intended for the purchase of such securities, units or participation; “foreign professional market participant” means a person who does not reside in the Republic and whose regular business is the buying and selling of securities; “FSR Act” means the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017);1 “General restricted stock account” means a stock account for transactions or positions in equity securities where the member does not have the freedom to acquire or dispose of such equity securities due to a restriction placed on the member by any person, other than a restriction placed on the member by-(a) an associated bank entity; or(b) a lender of cash or another creditor, to whom the equity securities are pledged or ceded as security for the money lent or other debt, and where interest on the loan or other debt is charged at a rate which is unrelated to any changes in the value of the equity securities; or(c) a lender of securities to whom the equity securities are pledged or ceded as security for fulfilment of the member’s obligations in terms of a “lending arrangement” as defined the STT Act, and where the fee charged by the lender is unrelated to any changes in the value of the equity securities; or(d) a person to whom the equity securities are pledged or ceded as security for the fulfilment of the member’s obligations in respect of the purchase or sale of securities, and where the benefits of the rights attaching to the equity securities remain with the member and are not directly or indirectly transferred to the pledgee or cessionary during the period of the pledge or cession; “hidden order” means an order submitted to the central order book where the order is not visible to other members and may execute in full or in part against eligible visible orders or other hidden orders; “in writing”“inso...
foreign commodity derivatives means those commodity securities which are cash settled derivative instruments and the financial terms of which are determined by an underlying foreign referenced commodity;