Regulatory Alerts2018-08-17
FMA Joint Standard 1 of 2018: Requirements and Additional Duties of a Trade Repository
The Financial Sector Conduct Authority and the Prudential Authority have issued FMA Joint Standard 1 of 2018 to prescribe specific requirements and additional duties for trade repositories. The standard operationalizes provisions outlined in sections 55(1)(c), 57(3), and 56A(5) of the Financial Markets Act, 2012. Accompanying the standard is a consultation report mandated by section 104(1) of the Financial Sector Regulation Act, 2017, which outlines the regulatory impact and stakeholder feedback process.
Financial Markets Act, 2012: Joint Communication 1 of 2018 – FMA Joint Standard 1 of 2018: Requirements and Additional Duties of a Trade Repository 1 File ref no. 15/8/5/5 Financial Markets Act No 19 of 2012 Joint Communication 1 of 2018 FMA JOINT STANDARD 1 OF 2018 (REQUIREMENTS AND ADDITIONAL DUTIES OF A TRADE REPOSITORY) The Financial Sector Conduct Authority and the Prudential Authority today publish a joint standard which prescribes requirements and additional duties of a trade repository as contemplated in sections 55(1)(c), 57(3) and 56A(5) of the Financial Markets Act, 2012, (Act No. 19 of 2012) (FMA Joint Standard 1 of 2018). A consultation report as required by section 104(1) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) is also published with FMA Joint Standard 1 of 2018. Requests for further information about the press release or joint standard may be submitted via email to michael.kabai@fsca.co.za