Regulatory Alerts2022-12-13
Joint Communication 3 of 2022: Eligible Collateral under Joint Standard 2 of 2020
The Financial Sector Conduct Authority and Prudential Authority have designated South African central government bonds rated by licensed agencies as eligible collateral for margin requirements on non-centrally cleared over-the-counter derivative transactions. This specification implements paragraph 6(2) of Joint Standard 2 of 2020 and expands the acceptable collateral pool following a prior public consultation. Regulators will subsequently engage stakeholders to evaluate additional assets or instruments for satisfying future regulatory margin obligations.
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