FINANCIAL SECTOR CONDUCT AUTHORITY: MORE PROPOSALS OUT FOR COMMENT

FINANCIAL SECTOR CONDUCT AUTHORITY: MORE PROPOSALS OUT FOR COMMENT

• 26 September 2023
• Financial Sector
• SA Legal Academy

The Financial Sector Conduct Authority (FSCA) has called for input by 20 November 2023 on five documents outlining:

• a draft equivalence framework for financial markets, and
• a draft determination of requirements relating to external central counterparty or external trade repository licence applications.

According to the FSCA communication announcing this:

• the draft equivalence framework focuses on the FSCA’s proposed approach when determining the status of a foreign jurisdiction’s regulatory framework in relation to regulatory frameworks established in terms of the Financial Markets Act, 2012, and the Credit Rating Services Act, 2012, while
• the draft determination proposes ‘the form and manner in which an application for an external central counterparty licence or external trade repository licence’ should  be made.

Please click the links below to access the documents:

• FSCA communication
• draft framework
• draft determination
• Annexure A 
• Annexure B 
• Annexure C 
• comments template

Published by SA Legal Academy Policy Watch

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