Beneficial Ownership Register data sales to resume in March 2023
Strate is pleased to announce that we will resume the provision of Beneficial Ownership Register (BOR) data services to clients from 1 March 2023.
Following the implementation of the Protection of Personal Information Act (POPIA) and the legal guidance given to Strate at the time to terminate our data services in July 2021, we embarked on an extensive engagement process with our regulators and industry players. We also sought further input from external legal counsel in an attempt to find a way in which transparency of securities ownership could still be enabled. We wanted to ensure that we processed the BOR data in a manner that supports the spirit and purpose of POPIA while achieving the objectives of the Financial Markets Act (FMA), which is aimed at promoting fairness and transparency in the South African financial markets. We are currently in the process of implementing enhanced controls to ensure we meet these objectives.
We recognise that the data contained in the BOR is essential to the services provided by some of our clients and enables them and other stakeholders to build investor confidence in South Africa.
Should you require assistance or wish to subscribe to the BOR data service, please contact firstname.lastname@example.org
Head of Operations and Change