Regulatory Alerts2011-08-05
G4/2011: Matters related to parallel reporting on amended regulatory forms
The South African Reserve Bank mandates that all banks, controlling companies, and auditors conduct parallel data submissions using amended regulatory forms to prepare for the January 2012 implementation of Basel II enhancements. This guidance note outlines specific target dates for submitting September through December 2011 data via the SARBDEX interface, requiring comprehensive monthly and daily form submissions alongside standard reporting. Institutions must utilize the provided interim designations for amended forms and return signed acknowledgements of receipt to the Registrar of Banks.
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