Regulatory Alerts2021-07-09
Guidance Note 4 of 2021 - Revised Basel Implementation Dates
The Prudential Authority issues Guidance Note 4 of 2021 to propose revised implementation dates for outstanding Basel III regulatory reforms in South Africa. These adjustments account for industry requests, quantitative impact studies, and the operational challenges posed by the Covid-19 pandemic. The document outlines specific deadlines for reforms such as large exposures, TLAC, and credit risk frameworks, ranging from January 2022 to 2028, subject to final legislative promulgation.
Share