South Africa: Regulatory Information

In South Africa, Bank of America, N.A. has established a representative office in terms of section 34 of the Banks Act 94 of 1990.

In South Africa:

• the Financial Sector Conduct Authority (FSCA) has granted Merrill Lynch South Africa Pty Ltd (registration number 1995/001805/07) (MLSA):
  
  a) a financial services provider (FSP) licence in terms of section 7(1) of  the Financial Advisory and Intermediary Services Act 37 of 2002 (FAIS); and
  b) a formal exemption from the licensing requirement set out in section 7(1) of FAIS.
  
  In practice, MLSA offers and renders FAIS-regulated services to qualifying South African corporate and institutional clients under its FAIS exemption.

• MLSA has been authorised by the JSE Limited (JSE) as an equities member and as a derivatives member. MLSA is also an equity sponsor registered as such with the JSE and therefore offers services to equity issuers listed [on the main board] of the JSE.