Regulatory Alerts2019-04-08
Draft Joint Standard on Margin Requirements for Non-Centrally Cleared OTC Derivative Transactions
The Financial Sector Conduct Authority and the Prudential Authority, with the concurrence of the South African Reserve Bank, published a draft joint standard prescribing margin requirements for non-centrally cleared over-the-counter derivative transactions under the Financial Sector Regulation Act. The proposed standard establishes regulatory obligations for market participants while accompanying documentation details the expected economic impact and operational framework. Interested parties are invited to submit formal comments on the draft requirements through designated regulatory email channels.
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