Regulatory Alerts2022-02-28
FSCA Draft Conduct Standard on Benchmark Provision Requirements
The Financial Sector Conduct Authority (FSCA) has published a draft Conduct Standard designating the provision of benchmarks as a regulated financial service under South Africa’s Financial Sector Regulation Act. The framework mandates both new and existing benchmark administrators to obtain a license and demonstrate compliance with specific operational and integrity requirements. This regulatory alignment facilitates South Africa’s equivalence determination under the European Union’s Benchmark Regulations, ensuring international recognition and market efficiency.
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