Regulatory Compliance and Legal Department
Since 1994 South Africa has seen a substantial growth in legislation, which has impacted on numerous commercial sectors. In order to participate in these sectors, Inter-Active Technologies has established the Regulatory Compliance and Legal Department as the “in-house council” office in order to assist the various business units of Inter-Active Technologies with guidance in dealing with legislative, administrative and regulatory challenges.
The Regulatory Compliance and Legal Department is mandated to:
- Provide timely and accurate legal advice to all business units.
- Service business units by implementing effective and innovative legal products and services to build and maintain mutually profitable and long lasting business relationships.
- Provide support to internal clients in the development and management of commercial contracts in support of the company's operations.
- Identify and analyse statutory and regulatory requirements including specifically the Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act and related regulatory requirements.
- Identify and analyse existing and new processes to conform to regulatory requirements.
- Assisting with the compilation and revision of the Company's compliance manuals and guidelines
- Reviewing new laws, rules and other regulatory requirements and identifying training needs for the Company's employees on relevant regulatory requirements.
- Form part of an expert advisory service on regulatory issues to all areas of the Company's business.
- Monitor identified activities within the Company to ensure that business is conducted in accordance with all regulatory requirements.