Regulatory Alerts2018-04-20
G3/2018: Proposed Implementation Dates for Specified Regulatory Reforms
The Prudential Authority of the South African Reserve Bank establishes phased implementation dates from September 2018 to January 2027 for specified Basel regulatory reforms governing capital, risk, and leverage requirements. Banks, foreign branches, controlling companies, and their auditors must comply with these revised standards while parallel operational runs commence at least three months prior to each deadline. The Authority mandates signed acknowledgements of receipt from institution chief executives and auditors to confirm compliance readiness, with any schedule adjustments communicated directly by the office.
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