South Africa — Memorandum of Understanding

Memorandum of Understanding
At the signing today of the Agreement between the Government of the Republic of South Africa and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA (hereinafter the "Agreement"), the representatives of the Republic of South Africa and the United States of America wish to conflrm their understanding of the following:
It is understood that, in the case of securities registered with a South African Central Securities
Depository for purposes of the Financial Markets Act, No. 19 of2012 that are held by or through one or more other Financial Institutions that are not Nonparticipating Financial Institutions, the relevant Financial Accounts are to be treated as held by such other Financial Institutions, and such other Financial Institutions are to be responsible for any reporting required with respect to such Financial Accounts. In accordance with paragraph 3 of Article 5 of the Agreement, the relevant settlement system may report on behalf of such other Financial Institutions.
Signed at q? ~ c.+<S ~; t... , in duplicate, in the English language, this J_ day of JuJ.t~ , 20/1/ .
FORTHEGOVERNMENTOFTHE
REPUBLIC OF SOUTH AFRICA:
FOR THE GOVERNMENT OF THE
UNITED STATES OF AMERICA: