CATEGORIES
- (27)Agriculture, Land Reform & Rural Development
- (22)Auditors & Accountants
- (6)Broad-based Black Economic Empowerment
- (5)Built Environment
- (51)Communications & Digital Technologies
- (2)Company Law
- (2)Consumer Law
- (10)Courts
- (2)Criminal Law
- (1)Cybercrimes
- (2)Disaster Management
- (10)Education & Training
- (3)Electoral Law
- (85)Environmental Law
- (4)Family Law
- (129)Financial Sector
- (2)Fisheries & Aquaculture
- (5)General Interest
- (17)Health & Safety
- (19)Home Affairs
- (3)Housing
- (13)In the Spotlight
- (1)International Co-operation
- (72)Justice & Constitutional Development
- (50)Labour Law
- (16)Legal Practice Council
- (15)Local Government
- (20)Minerals & Energy
- (1)Monetary Policy
- (1)National Development Plan
- (12)National Treasury
- (62)New Legislation
- (11)Opportunities for Public Comment
- (6)POPIA
- (268)Parliament
- (1)Practice Management
- (4)Presidency
- (13)Property Law
- (8)Public Service
- (3)Retirement Reform
- (12)Road Accident Fund
- (19)Safety and Security
- (7)Small Business Development
- (20)Social Development
- (8)Sport, Arts & Culture
- (14)State Owned Enterprises
- (4)State of Disaster (energy)
- (15)Taxation
- (7)Tourism
- (58)Trade, Industry & Competition
- (32)Transport
- (15)Water & Sanitation
- Show All
FINANCIAL MARKETS: 2020 OTC DERIVATIVE TRANSACTIONS STANDARD AMENDED AND IN FORCE
- 11 June 2023
- Financial Sector
- SA Legal Academy
The Financial Sector Conduct and Prudential Authorities have amended their 2020 joint standard on margin requirements for non-centrally cleared over-the-counter derivative (OTC) transactions. This was announced in a communication dated 7 June 2023 but apparently only published with the amended standard and related documents two days later, when amendments came into force.
Released in draft form in April 2023 for public comment, among other things the amendments allow the authorities to:
- impose reporting requirements on providers entering into OTC derivative transactions with local and foreign counterparties, as well as on financial institutions defined in the standard as counterparties, and
- determine ‘appropriate risk-mitigating conditions’ for the use of non-cash collateral.
Please click the links below for more information:
- amended joint standard
- joint standard before being amended
- communication
- consultation report
- statement of need
Published by SA Legal Academy Policy Watch
0 COMMENTS
There are not comments for this article at the moment, check back later.
LEAVE A COMMENT
You must be logged in to add a comment, log in now.