Regulatory Alerts2019-11-25
Proposed Implementation Dates for Specified Regulatory Reforms
The South African Reserve Bank’s Prudential Authority proposes revised implementation dates for outstanding Basel III post-crisis regulatory reforms, including standards for counterparty credit risk, equity investments in funds, and central counterparty exposures. The phased rollout spans from October 2020 to 2027, featuring a graduated output floor and parallel run periods starting at least three months before each deadline. Final enactment remains subject to legislative promulgation by the Minister of Finance and National Treasury following robust consultation processes.
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