FINANCIAL SECTOR: INDEX, BENCHMARKS DRAFT DETERMINATIONS OUT FOR COMMENT

FINANCIAL SECTOR: INDEX, BENCHMARKS DRAFT DETERMINATIONS OUT FOR COMMENT

• 30 July 2024
• Financial Sector
• SA Legal Academy

The Financial Sector Conduct Authority has published a discussion document on proposed determinations that, once finalised, will:

• add a caveat to the definition of ‘index’ in the Financial Sector Regulation Act, 2017, and
• prescribe value thresholds for critical and significant benchmarks.

The deadline for comment is 10 September 2024.

Informed by stakeholder input on a 2023 discussion document exploring the development of a framework for the regulation and supervision of financial benchmarks, the new discussion document follows the April 2024 release of a draft determination on the requirements to be met when licensing a benchmark administrator.

• communication calling for input
• discussion document
• proposed index determination
• proposed threshold determination
• comments template
• 2023 discussion document
• draft determination on benchmark administrator licensing requirements

Published by SA Legal Academy Policy Watch

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