Regulatory Alerts2016-11-28
C6/2016: Disclosure of Capital-Related Matters
The South African Reserve Bank issued Circular C6/2016 to clarify and standardize capital-related public disclosure requirements for banks, controlling companies, foreign branches, and their auditors under Regulation 43 of the Banks Act Regulations. The directive mandates quarterly and semi-annual publication of capital adequacy ratios, including common equity tier 1, tier 1, and total capital metrics, while explicitly prohibiting the public disclosure of bank-specific and domestic systemically important bank capital add-ons to maintain international comparability. It further establishes a standardized calculation framework for the Minimum Required Capital ratio and total required capital, replacing Circular 5/2014 to align domestic reporting with Basel Committee standards and promote market discipline.