Regulatory Alerts2017-10-02
D4/2017: Matters related to securitisation vehicles
The South African Reserve Bank’s Office of the Registrar of Banks has issued Directive D4/2017 to update reporting requirements for issuer special purpose institutions (SPIs) engaged in traditional and synthetic securitisation schemes. The directive mandates six-monthly submissions of detailed credit and liquidity risk data, requires formal certification by independent directors or chief financial officers, and expands auditor verification of historical information into the annual audit scope. Replacing Directive 1/2011, these enhanced reporting obligations apply to all authorized issuer SPIs and take effect for half-yearly periods ending on or after 31 December 2017.
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