Directive D1 2021: South African D-SIBs Six-Monthly Consolidated Data Submission

P O Box 427 Pretoria 0001 South Africa
370 Helen Joseph Street Pretoria 0002
+27 12 313 3911 / 0861 12 7272 www.resbank.co.za 1 Ref.: 15/8/1/3 D1/2021 To: All banks, branches of foreign institutions, controlling companies, eligible institutions and auditors of banks or controlling companies Directive issued in terms of section 6(6) of the Banks Act 94 of 1990 South African domestic systemically important banks (D-SIBs) to submit group consolidated information on a six-monthly basis Executive summary This directive serves to inform all banks, branches of foreign institutions, controlling companies and auditors of banks or controlling companies of further requirements applicable to South African D-SIBs. These further requirements relate to the submission of credit-related statutory BA returns, based on group consolidated information, on a six-monthly basis. This directive replaces Banks Act Directive 2/2016, dated 13 April 2016.

1. Introduction
   1.1 Internationally, the overall scope of the Basel framework is applied to
   internationally active banks at every tier on a consolidated basis and, consequently, all information required for international reviews and analysis in respect of the South African banking sector relates to group consolidated information. Therefore, the Prudential Authority requires South African D-SIBs to report credit-related information on a consolidated basis, at bank and controlling company level.
   1.2 This directive replaces Banks Act Directive 2/2016, dated 13 April 2016.
2. Directive
   2.1 Based on the aforesaid information, and in terms of the provisions of section 6(6)
   of the Banks Act 94 of 1990, D-SIBs are hereby directed to submit the credit￾related statutory forms BA 200 and BA 210 biannually, based on group consolidated information, at bank and controlling company level, as further outlined in this directive.
   2.2 Please take note of the following requirements with regard to the submission of
   the credit-related BA forms:

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2.2.1 It is required that the data forms be submitted six-monthly, based on a calendar
year (i.e. end-June and end-December data of each year) within 30 business days immediately following the period to which the return relates.
2.2.2 Directives and interpretations for the completion of the statutory forms BA 200
and BA 210 are outlined in regulations 23 and 24 of the Regulations relating to Banks (the Regulations) respectively.
2.2.3 The certification and rendition of these returns shall comply with regulation 4 of
the Regulations.
2.2.4 In line with regulation 6 of the Regulations, the returns shall be submitted
electronically by using the data sets ‘T8’ and ‘S4’. These data sets shall include the statutory forms BA 200 and BA 210 on a controlling company consolidated level and a bank consolidated level respectively.
2.3 Please take note that not all line items on the consolidated statutory forms
BA 200 and BA 210 are mandatory. The following table outlines which line items are not mandatory in the submission of the consolidated credit returns:
Statutory form Line items that are not mandatory BA 200 86, 103 to 106, 201 to 206, 276, 293 to 320 and 325 to 331 BA 210 1 to 21, 43 to 117, 215 to 256, 285 to 340 and 438 to 452
3. Audit reports
3.1 The statutory forms BA 200 and BA 210 on a bank and controlling company
consolidated level, irrespective of year-end dates, must be audited in line with regulation 46(2)(b) of the Regulations.
4. Acknowledgement of Receipt
4.1 Kindly ensure that a copy of this Directive is made available to your institution’s
external auditors. The attached acknowledgment of receipt duly completed and signed by both the chief executive officer of the institution and the said auditors should be returned to the PA at the earliest convenience of the aforementioned signatories. Kuben Naidoo Deputy Governor and CEO: Prudential Authority Date: 2021-02-26 The previous directive issued was Directive 7/2020 dated 1 December 2020.