Regulatory Alerts2023-11-01
Joint Communication 3 of 2023: Criteria for Exempting External CCPs and Trade Repositories from the Financial Markets Act
The Financial Sector Conduct Authority and Prudential Authority have published a draft Joint Standard inviting public comments on criteria to exempt external central counterparties and trade repositories from Financial Markets Act licensing requirements. This framework operationalizes Phase 2 of South Africa’s central clearing roadmap by establishing equivalence-based exemptions for foreign regulatory regimes. Stakeholders must submit their feedback using the provided template via email by 11 December 2023.
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