Regulatory Alerts2023-09-26
FSCA Communication 24 of 2023 (FM CRA)
The Financial Sector Conduct Authority (FSCA) published draft versions of its Equivalence Framework and Determination to establish equivalence criteria for foreign jurisdictions and outline licensing requirements for external central counterparties and trade repositories. The updated framework expands previous assessments to explicitly cover external credit rating agencies and over-the-counter derivatives providers, while specifying application forms and exemption pathways under South Africa’s Financial Markets Act. Stakeholders are invited to submit written comments using the provided template by 20 November 2023 via email to finalize the regulatory approach for cross-border financial market operations.
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