Joint Communication 2 of 2021: Effective Date for Margin Requirements on Non-Centrally Cleared Derivatives

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Financial Markets Act, 2012
Financial Sector Regulation Act, 2017
Joint Communication 2 of 2021
Determination of the effective date: Joint Standard 2 of 2020 - Margin requirements for non￾centrally cleared over-the-counter derivative transactions On 2 June 2020, the Financial Sector Conduct Authority and the Prudential Authority (the Authorities) published a joint standard relating to the margin requirements for non-centrally cleared over-the￾counter derivative transactions1 (Joint Standard). In terms of paragraph 7 of the Joint Standard, the Joint Standard comes into effect on a date to be determined by the Authorities. The purpose of this communication is to notify all interested persons that today the Authorities published Joint Notice 1 of 2021, determining the effective date of the Joint Standard as 16 August 2021. The Joint Notice is available on the websites of the Authorities at www.fsca.co.za and www.resbank.co.za. Requests for further information about the Joint Communication, Joint Notice or Joint Standard may be submitted via email to FSCA.RFDStandards@fsca.co.za, PA-Standards@resbank.co.za, and PA_RSD-MarketRisk@resbank.co.za. Unathi Kamlana Kuben Naidoo Commissioner: Deputy Governor and CEO:
Prudential Authority
FINANCIAL SECTOR CONDUCT AUTHORITY PRUDENTIAL AUTHORITY DATE: 2021-06-09

1 https://www.resbank.co.za/en/home/publications/publication-detail-pages/prudential-authority/pa￾financial/sector-regulation-joint-standards/2020/9975