FINANCIAL SECTOR REGULATION: DISCUSSION DOCUMENT OUT FOR COMMENT

FINANCIAL SECTOR REGULATION: DISCUSSION DOCUMENT OUT FOR COMMENT

• 27 May 2024
• Financial Sector
• SA Legal Academy

The Prudential Authority and Financial Sector Conduct Authority have issued a joint communication calling for input by 8 July 2024 on proposals for revising the 2020 joint standard on margin requirements for non-centrally cleared over-the-counter derivative transactions. This is noting that the standard came into effect in August 2021 and was amended in June 2023.

Proposals in the discussion document have implications for:

• eligible collateral types (which the authorities are considering expanding to include other types of assets or instruments), and
• the use of non-cash collateral (regarding which the authorities are considering imposing risk management protocols, internal controls and assurance requirements).

Please click the links below for more information:

• discussion document
• communication
• comments template
• 2020 joint standard
• June 2023 amendments

Published by SA Legal Academy Policy Watch

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