Regulatory Alerts2019-05-23
D1/2019: Matters related to Pillar 3 disclosure requirements framework
The Prudential Authority issued directive D1/2019 to amend regulation 43 of the Regulations by removing existing disclosure requirements and establishing a consolidated reference point for banks. Aligning with Basel Committee on Banking Supervision updates, the directive incorporates technical amendments for expected credit loss accounting and transitional arrangements. It further specifies general disclosure rules, including retrospective data exemptions for newly reported standards, while remaining independent of Johannesburg Stock Exchange mandates.
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