Regulatory Alerts2022-05-11
G4-2022 Revised Basel Implementation Dates
The Prudential Authority has issued Guidance Note 4/2022 to propose revised implementation dates for outstanding Basel III regulatory reforms across South African banks. Responding to Basel Committee deferrals and pandemic-related delays, the document shifts key deadlines for capital, liquidity, operational risk, and output floor requirements to dates between October 2022 and January 2028. Institutions must conduct parallel runs prior to each deadline while the PA finalizes legislative amendments with the National Treasury and Minister of Finance before formal promulgation.
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