Regulatory Alerts2019-12-05
Joint Communication 4 of 2019: Requirements Relating to Central Counterparty Licence Applications
The Financial Sector Conduct Authority and Prudential Authority have published draft regulatory frameworks outlining licensing requirements for domestic central counterparties, external central counterparties, and external trade repositories. These proposals establish a joint standard for licence applications, a determination for external entity approvals, and an equivalence framework to assess foreign regulatory alignment with South African financial markets legislation. Stakeholders are invited to submit written comments on all three drafts by 21 February 2020 to shape the final prudential and conduct standards.
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