2018-03-26
Added · Updated
The South African National Treasury, acting through the Minister of Finance, has promulgated comprehensive regulations under the Financial Markets Act, 2012 to establish a robust regulatory framework for financial market infrastructures. These regulations mandate authorization, transaction reporting, and mandatory clearing for over-the-counter derivative providers while imposing strict capital, liquidity, and risk management standards on central counterparties and market infrastructures. The framework further governs external central securities depository links, outlines detailed operational and governance requirements for clearing houses, and establishes transitional provisions for implementation.
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