Consultation · FSCA · 17 Aug 2018
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 sections 106(1)(a), 106(2)(a) and (e) read with sections 107 and 109(2) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017). A comments matrix, a draft statement of need, expected impact and intended operation, and a notice inviting submissions under section 98(1) are published with the draft. Information requests may be emailed to michael.kabai@fsca.co.za or PA-Standards@resbank.co.za for the attention of Ms Lyle Horsley.
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South African Reserve Bank Prudential Authority
FSCA Financial Sector Conduct Authority
The Financial Sector Conduct Authority and the Prudential Authority, acting with the concurrence of the South African Reserve Bank, today publish a draft joint standard which prescribes margin requirements for non-centrally cleared over-the-counter derivative transactions in terms of sections 106(1)(a), 106(2)(a) and (e) read with sections 107 and 109(2) of the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017) (FSRA).
The comments matrix, together with the draft Statement of the need for, expected impact and intended operation of the joint standard and the notice inviting submissions as contemplated in section 98(1) of the FSRA is also published with the draft joint standard.
Requests for further information about the joint communication or draft joint standard may be submitted via email to michael.kabai@fsca.co.za or PA-Standards@resbank.co.za for the attention of Ms Lyle Horsley.
Financial Sector Regulation Act, 2017: Joint Communication 1 of 2018 – Draft FSRA Joint Standard on Margin Requirements for non-centrally cleared OTC derivative transactions
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“prescribes margin requirements for non-centrally cleared over-the-counter derivative transactions in terms of sections 106(1)(a), 106(2)(a) and (e) read with sections 107 and 109(2) of the Financial Sector Regulation Act, 2017 (Act No. 9 o…”
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