Regulatory Alerts2018-04-20
Pillar 3 Disclosure Requirements – Consolidated and Enhanced Framework
The Prudential Authority of the South African Reserve Bank issued Directive D1/2018 to implement the Basel Committee on Banking Supervision’s consolidated and enhanced Pillar 3 disclosure framework across all regulated financial institutions. The directive requires banks to adopt standardized reporting templates and adjusted frequencies for disclosing capital composition, key prudential metrics, leverage ratios, liquidity coverage, net stable funding, and remuneration, with most requirements taking effect from January 2018. Institutions must align their quarterly and semi-annual disclosures with these templates, update relevant tables upon capital instrument changes, and secure auditor acknowledgment to ensure full compliance with internationally agreed prudential standards.