Regulatory Alerts2025-11-05
Memorandum of Understanding between the South African Reserve Bank and the Prudential Authority
The South African Reserve Bank and the Prudential Authority have executed this Memorandum of Understanding to formalize their statutory cooperation and collaboration under the Financial Sector Regulation Act 2017. The agreement mandates mutual information sharing, coordinated policy development, and aligned supervisory and enforcement practices across licensing, prudential regulation, and the resolution of designated financial institutions. By implementing structured consultation mechanisms and detailed annexures, the Parties aim to eliminate regulatory duplication while safeguarding systemic financial stability and depositor interests.
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