NATIONAL PAYMENT SYSTEM POLICY, REGULATION: SARB CALLS FOR INPUT ON TWO SETS OF PROPOSALS

NATIONAL PAYMENT SYSTEM POLICY, REGULATION: SARB CALLS FOR INPUT ON TWO SETS OF PROPOSALS

• 31 March 2025
• Financial Sector
• SA Legal Academy

In the context of the national payment system, the South African Reserve Bank has issued:

• a discussion document on a policy and regulatory framework for climate change, and
• a consultation paper on cloud computing and data offshoring.

The deadline for input is 15 May 2025.

Both documents explore policy and regulatory framework options noting that:

• the climate change discussion document:
  • focuses on climate change-related risks that may negatively impact the national payment system, and
  • explores ‘accompanying opportunities’, while
• the cloud computing and data offshoring consultation paper seeks to address:
  • challenges in terms of data protection and location, as well as
  • operational, reputational, concentration, systemic and cybersecurity risks for payment institutions, operators and the broader national payment system.

Please click the links below for more information:

• climate change discussion document
• comments template
• cloud computing and data offshoring consultation paper 
• comments template

Published by SA Legal Academy Policy Watch

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