Regulatory Alerts2019-04-08
Invitation for Submissions on the FSRA Joint Standard on Margin Requirements
The Prudential Authority and Financial Sector Conduct Authority published a draft Joint Standard on margin requirements for non-centrally cleared over-the-counter derivative transactions to align South Africa’s regulatory framework with the BCBS-IOSCO international standard. Following a 2018 consultation, the Authorities implemented substantial amendments to mitigate counterparty credit risk and prevent regulatory arbitrage while accounting for local market conditions. Market participants and stakeholders are invited to submit written comments on the draft standard and its impact statement by 20 May 2019 via designated regulatory email addresses.
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