Regulatory Alerts2011-08-18
Circular 5/2011: Disclosure of Capital Related Information
The South African Reserve Bank’s Registrar of Banks clarifies capital-related public disclosure requirements for banks, controlling companies, foreign branches, and auditors under Regulation 43 of the Banks Regulations. The circular mandates quarterly reporting of total and primary capital adequacy ratios via Form BA 700, specifies that the disclosed Minimum Required Capital ratio must equal 9.5% plus idiosyncratic Pillar 2b add-ons, and defines total required capital as risk-weighted exposures multiplied by this 9.5% baseline. Institutions must also return signed acknowledgements of receipt from their chief executive officers and independent auditors to confirm compliance.
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