Regulatory Alerts2023-07-18
Proposed Implementation Dates for Specified Regulatory Reforms
The Prudential Authority of South Africa proposes revised implementation dates for outstanding Basel III post-crisis regulatory reforms affecting banks and financial institutions. The guidance shifts the effective dates for key frameworks, including credit and operational risk standards, leverage ratios, and crypto asset exposures, to July 2025 or January 2026. Institutions must prepare for parallel compliance runs starting three months prior to these deadlines, subject to final legislative approval by the National Treasury and Minister of Finance.
Share