Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to banks - 2013

Chapter III : Corporate Governance

43. Public disclosure

Subregulation (2)(c) Financial position

Purchase

(c)	Financial position, including—

(i)	capital position

(ii)	capital adequacy

(iii)

capital structure

(iv)

leverage

(v)	liquidity position, including—

(A)	the Liquidity Coverage Ratio (LCR)

(B)	the Net Stable Funding Ratio (NSFR)

[Regulation 43(2)(c) substituted by section 13(c) of Notice No. 724, GG44003, dated 18 December 2020 - effective 1 January 2021]

Disclosure template relating to all relevant required reporting periods up to and including 31 December 2017			Amounts subject to pre-Basel III treatment1 Note 5
Common Equity Tier 1 capital: instruments and reserves
1	Directly issued qualifying common share capital plus related stock surplus
2	Retained earnings
3	Accumulated other comprehensive income (and other reserves)
4	Directly issued capital subject to phase out from CET1 (only applicable to non-joint stock companies)6
	Public sector capital injections grandfathered until 1 January 2018
5	Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1)		Note 5
6	Common Equity Tier 1 capital before regulatory adjustments
Common Equity Tier 1 capital: regulatory adjustments
7	Prudential valuation adjustments		Note 5
8	Goodwill (net of related tax liability)		Note 5
9	Other intangibles other than goodwill or mortgage-servicing rights (net of related tax liability)		Note 5
10	Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability)		Note 5
11	Cash-flow hedge reserve		Note 5
12	Shortfall of provisions to expected losses		Note 5
13	Securitisation gain on sale (as set out in regulation 38(5)(a)(i) of these Regulations)		Note 5
14	Gains and losses due to changes in own credit risk on fair valued liabilities		Note 5
15	Defined-benefit pension fund net assets		Note 5
16	Investments in own shares (if not already netted off paid-in capital on reported balance sheet)		Note 5
17	Reciprocal cross-holdings in common equity		Note 5
18	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued share capital (amount above 10 per cent threshold)		Note 5
19	Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions (amount above 10 per cent threshold)		Note 5
20	Mortgage servicing rights (amount above 10 per cent threshold)		Note 5
21	Deferred tax assets arising from temporary differences (amount above 10 per cent threshold, net of related tax liability)		Note 5
22	Amount exceeding the 15 per cent threshold		Note 5
23	of which: significant investments in the common stock of financials		Note 5
24	mortgage servicing rights		Note 5
25	deferred tax assets arising from temporary differences		Note 5
26	Other regulatory adjustments specified by the Registrar or regulatory adjustments specified in the Regulations in addition to the regulatory adjustments specified in the Basel III framework
	REGULATORY ADJUSTMENTS APPLIED TO COMMON EQUITY TIER 1 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT2, 3	Note 5
	OF WHICH: (please specify)	Note 5
27	Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions
28	Total regulatory adjustments to Common equity Tier 1
29	Common Equity Tier 1 capital (CET1)
Additional Tier 1 capital: instruments
30	Directly issued qualifying Additional Tier 1 instruments plus related stock surplus
31	of which: classified as equity under applicable Financial Reporting Standards
32	classified as liabilities under applicable Financial Reporting Standards
33	Directly issued capital instruments subject to phase out from Additional Tier 16
34	Additional Tier 1 instruments (and CET1 instruments not included in item 5) issued by subsidiaries and held by third parties (amount allowed in group Additional Tier 1)
35	of which: instruments issued by subsidiaries subject to phase out6
36	Additional Tier 1 capital before regulatory adjustments
Additional Tier 1 capital: regulatory adjustments
37	Investments in own Additional Tier 1 instruments		Note 5
38	Reciprocal cross-holdings in Additional Tier 1 instruments		Note 5
39	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued common share capital of the entity (amount above 10 per cent threshold)		Note 5
40	Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions)		Note 5
41	Other regulatory adjustments specified by the Registrar or regulatory adjustments specified in the Regulations in addition to the regulatory adjustments specified in the Basel III framework
	REGULATORY ADJUSTMENTS APPLIED TO ADDITIONAL TIER 1 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT 2, 3	Note 5
	OF WHICH: (please specify)	Note 5
42	Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions
43	Total regulatory adjustments to Additional Tier 1 capital
44	Additional Tier 1 capital (AT1)
45	Tier 1 capital (T1 = CET1 + AT1)

Disclosure template relating to all relevant required reporting periods up to and including 31 December 2017			Amounts subject to pre-Basel III treatment1 Note 5
Tier 2 capital: instruments and reserves
46	Directly issued qualifying Tier 2 instruments plus related stock surplus
47	Directly issued capital instruments subject to phase out from Tier 26
48	Tier 2 instruments (and CET1 and AT1 instruments not included in items 5 or 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2)
49	of which: instruments issued by subsidiaries subject to phase out6
50	Provisions
51	Tier 2 capital before regulatory adjustments
Tier 2 capital: regulatory adjustments
52	Investments in own Tier 2 instruments		Note 5
53	Reciprocal cross-holdings in Tier 2 instruments		Note 5
54	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued common share capital of the entity (amount above the 10 per cent threshold)		Note 5
55	Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions)		Note 5
56	Other regulatory adjustments specified by the Registrar or regulatory adjustments specified in the Regulations in addition to the regulatory adjustments specified in the Basel III framework
	REGULATORY ADJUSTMENTS APPLIED TO TIER 2 IN RESPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT2, 3	Note 5
	OF WHICH: (please specify)	Note 5
57	Total regulatory adjustments to Tier 2 capital
58	Tier 2 capital (T2)
59	Total capital (TC = T1 + T2)
	RISK WEIGHTED ASSETS IN REsPECT OF AMOUNTS SUBJECT TO PRE-BASEL III TREATMENT4	Note 5
	OF WHICH: (please specify)	Note 5
60	Total risk weighted assets
Capital ratios
61	Common Equity Tier 1 (as a percentage of risk weighted assets)
62	Tier 1 (as a percentage of risk weighted assets)
63	Total capital (as a percentage of risk weighted assets)
64	Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus countercyclical buffer requirements plus G-SIB buffer requirement, expressed as a percentage of risk weighted assets)
65	of which: capital conservation buffer requirement
66	bank specific countercyclical buffer requirement
67	G-SIB buffer requirement
68	Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted assets)

Disclosure template relating to all relevant required reporting periods up to and including 31 December 2017
Minimum requirements specified in these Regulations when different from Basel III minima
69	Common Equity Tier 1 minimum ratio (if different from Basel III minimum)
70	Tier 1 minimum ratio (if different from Basel III minimum)
71	Total capital minimum ratio (if different from Basel III minimum)
Amounts below the thresholds for deduction (before risk weighting)
72	Non-significant investments in the capital of other financials
73	Significant investments in the common stock of financials
74	Mortgage servicing rights (net of related tax liability)
75	Deferred tax assets arising from temporary differences (net of related tax liability)
Applicable caps on the inclusion of provisions in Tier 2
76	Provisions eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to application of cap)
77	Cap on inclusion of provisions in Tier 2 under standardised approach
78	Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap)
79	Cap for inclusion of provisions in Tier 2 under internal ratings-based approach
Capital instruments subject to phase-out arrangements (only applicable between 1 Jan 2018 and 1 Jan 2022)
80	Current cap on CET1 instruments subject to phase out arrangements
81	Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities)
82	Current cap on AT1 instruments subject to phase out arrangements
83	Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)
84	Current cap on T2 instruments subject to phase out arrangements
85	Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)

Notes:

Relates to the amount of each relevant regulatory adjustment that is subject to existing national treatment during the transitional phase. For example, during 2014 banks are required to make 20 per cent of the regulatory adjustments in accordance with the Basel III framework. A bank with “Goodwill, net of related tax liability” of R100 million conducts business in a jurisdiction that does not require this to be deducted from common equity. The bank shall report R20 million in the first of the two empty cells in item 8 and report R80 million in the second of the two cells. The sum of the two cells shall therefore be equal to the total Basel III regulatory adjustment.

When the bank described in note 1 above, for example, conducts business in a jurisdiction that requires goodwill to be deducted from Tier 1, the bank shall report in the item inserted between items 41 and 42 the amount of R80 million that the bank in note 1 reported in the last cell of item 8, to indicate that during the transition phase some goodwill will continue to be deducted from Tier 1 (in effect Additional Tier 1).

A bank with an unrealised loss of R50 million on its holdings of available-for-sale debt securities, for example, conducts business in a jurisdiction that filters out such unrealised gains and losses. The Basel III transitional arrangements require this bank to recognise 20 per cent of this loss, that is, R10 million, in 2014. This means that 80 per cent of the loss, or R40 million, is not recognised. The aforesaid bank that conducts business in this jurisdiction shall report R40 million in the item between items 26 and 27 as an addition to Common Equity Tier 1, to add back the relevant unrealised loss.

A bank with defined benefit pension fund net assets of R50 million, for example, conducts business in a jurisdiction that risk weights such assets at 200 per cent. The Basel III transitional arrangements require this bank to deduct 20 per cent of these assets in 2014, that is, the bank shall report R10 million in the first empty cell in item 15 and R40 million in the second empty cell (the total of the two cells shall be equal to the total Basel III regulatory adjustment). Furthermore, the bank shall disclose in the inserted items between item 59 and 60 that such assets are risk weighted at 200 per cent during the transitional phase, that is, the bank shall report an amount of R80 million (R40 million multiplied with 200 per cent) in that row.

5.	Cells with dotted borders relate to items that are impacted by the transitional arrangements.

6.	Relates only to specified ineligible capital instruments that are subject to a specified phased-out period up to 1 January 2022.

(B)	this item (B), read with the relevant directives and requirements specified in item (C) below, a bank shall, as a minimum, in respect of all relevant required reporting periods from 1 January 2018 onwards, disclose to the public the information set out in the disclosure template specified below:

Disclosure template relating to all relevant required reporting periods from 1 January 2018 onwards
Common Equity Tier 1 capital: instruments and reserves
1	Directly issued qualifying common equity or share capital plus related stock surplus
2	Retained earnings
3	Accumulated other comprehensive income, and other reserve funds
4	Directly issued capital subject to phase out from CET11 (only applicable to non-joint stock companies)
5	Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1)
6	Common Equity Tier 1 capital before regulatory adjustments (total of items 1 to 5)
Common Equity Tier 1 capital: regulatory adjustments
7	Prudential valuation adjustments
8	Goodwill, net of related tax liability
9	Other intangibles other than goodwill or mortgage-servicing rights, net of related tax liability
10	Deferred tax assets that rely on future profitability, excluding those arising from temporary differences, net of related tax liability
11	Cash-flow hedge reserve
12	Shortfall of provisions to expected losses
13	Securitisation gain on sale (as set out in regulation 38(5)(a)(i)(F) of these Regulations)
14	Gains and losses due to changes in own credit risk on fair valued liabilities
15	Defined-benefit pension fund net assets
16	Investments in own shares (if not already netted off paid-in capital on reported balance sheet)
17	Reciprocal cross-holdings in common equity
18	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued share capital (amount above 10 per cent threshold)
19	Significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions (amount above 10 per cent threshold)
20	Mortgage servicing rights (amount above 10 per cent threshold)
21	Deferred tax assets arising from temporary differences (amount above 10 per cent threshold, net of related tax liability)
22	Amount exceeding the 15 per cent threshold
23	of which: significant investments in the common stock of financials
24	mortgage servicing rights
25	deferred tax assets arising from temporary differences
26	Other regulatory adjustments specified in writing by the Registrar (Please disclose the relevant details of each relevant adjustment separately)
27	Regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 and Tier 2 to cover deductions
28	Total regulatory adjustments to Common equity Tier 1 (total of items 7 to 22, and 26 to 27)
29	Common Equity Tier 1 capital (CET1) (item 6 less item 28)
Additional Tier 1 capital: instruments
30	Directly issued qualifying Additional Tier 1 instruments plus related stock surplus
31	of which: classified as equity under relevant Financial Reporting Standards
32	classified as liabilities under relevant Financial Reporting Standards
33	Directly issued capital instruments subject to phase out from Additional Tier 11
34	Additional Tier 1 instruments (and CET1 instruments not included in item 5) issued by subsidiaries and held by third parties (amount allowed in group AT1)
35	of which: instruments issued by subsidiaries subject to phase out1
36	Additional Tier 1 capital before regulatory adjustments (total of items 30, 33 and 34)
Additional Tier 1 capital: regulatory adjustments
37	Investments in own Additional Tier 1 instruments
38	Reciprocal cross-holdings in Additional Tier 1 instruments
39	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued common share capital of the entity (amount above 10 per cent threshold)
40	Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions)
41	Other regulatory adjustments specified in writing by the Registrar (Please disclose the relevant details of each relevant adjustment separately)
42	Regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover deductions
43	Total regulatory adjustments to Additional Tier 1 capital (total of items 37 to 42)
44	Additional Tier 1 capital (AT1) (item 36 less item 43)
45	Tier 1 capital (T1 = CET1 + AT1) (item 29 plus item 44)
Tier 2 capital: instruments and provisions
46	Directly issued qualifying Tier 2 instruments plus related stock surplus
47	Directly issued capital instruments subject to phase out from Tier 21
48	Tier 2 instruments (and CET1 and AT1 instruments not included in item 5 or item 34) issued by subsidiaries and held by third parties (amount allowed in group Tier 2)
49	of which: instruments issued by subsidiaries subject to phase out1
50	Provisions
51	Tier 2 capital before regulatory adjustments (total of items 46 to 48, plus item 50)
Tier 2 capital: regulatory adjustments
52	Investments in own Tier 2 instruments
53	Reciprocal cross-holdings in Tier 2 instruments
54	Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10 per cent of the issued common share capital of the entity (amount above the 10 per cent threshold)
55	Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions
56	Other regulatory adjustments specified in writing by the Registrar (Please disclose the relevant details of each relevant adjustment separately)
57	Total regulatory adjustments to Tier 2 capital (total of items 52 to 56)
58	Tier 2 capital (T2) (item 51 less item 57)
59	Total capital (TC = T1 + T2) (item 45 plus item 58)
60	Total risk weighted exposure
Capital ratios and buffers
61	Common Equity Tier 1 (as a percentage of risk weighted exposure) (item 29 divided by item 60, expressed as a percentage)
62	Tier 1 (as a percentage of risk weighted exposure) (item 45 divided by item 60, expressed as a percentage)
63	Total capital (as a percentage of risk weighted exposure) (item 59 divided by item 60, expressed as a percentage)
64	Institution specific buffer requirement (minimum CET1 requirement plus capital conservation buffer plus countercyclical buffer requirements plus G-SIB buffer requirement, expressed as a percentage of risk weighted exposure)
65	of which: capital conservation buffer requirement
66	bank specific countercyclical buffer requirement
67	G-SIB buffer requirement
68	Common Equity Tier 1 available to meet buffers (as a percentage of risk weighted exposure)
National minima (if different from Basel III requirement)
69	National Common Equity Tier 1 minimum ratio (if different from Basel III minimum requirement)
70	National Tier 1 minimum ratio (if different from Basel III minimum requirement)
71	National total capital minimum ratio (if different from Basel III minimum requirement)
Amounts below the thresholds for deduction (before risk weighting)
72	Non-significant investments in the capital of other financials
73	Significant investments in the common stock of financials
74	Mortgage servicing rights, net of related tax liability
75	Deferred tax assets arising from temporary differences, net of related tax liability
Applicable caps on the inclusion of provisions or credit impairments in Tier 2
76	Provisions or credit impairments eligible for inclusion in Tier 2 in respect of exposures subject to standardised approach (prior to application of cap)
77	Cap on inclusion of provisions or credit impairments in Tier 2 under standardised approach
78	Provisions or credit impairments eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap)
79	Cap for inclusion of provisions or credit impairments in Tier 2 under internal ratings-based approach
Capital instruments subject to phase-out arrangements2
80	Current cap on CET1 instruments subject to phase out arrangements
81	Amount excluded from CET1 due to cap (excess over cap after redemptions and maturities)
82	Current cap on AT1 instruments subject to phase out arrangements
83	Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities)
84	Current cap on T2 instruments subject to phase out arrangements
85	Amount excluded from T2 due to cap (excess over cap after redemptions and maturities)

Notes:

1.	Relates only to specified ineligible capital instruments that are subject to a specified phased-out period up to 1 January 2022.

2.	Line items 80 to 85 apply only in respect of the relevant reporting periods between 1 January 2018 and 1 January 2022.

(C)	this item (C), read with the relevant directives and requirements specified in item (B) above, a bank shall, as a minimum, in respect of all relevant required reporting periods from 1 January 2018 onwards, disclose to the public the information specified in the table encapsulated in item (B) above;

Explanation of each relevant line item

of the common disclosure template specified in item (B) above

Line

item

Description

This item—

(a)	shall reflect the relevant required information in respect of instruments issued by the parent company of the reporting bank or group that meet all of the CET1 entry criteria specified in regulation 38(11)(a) of these Regulations;

(b)	shall be equal to the sum of common stock (and related surplus only) and other instruments for non-joint stock companies, both of which have to meet the relevant criteria specified for common stock or ordinary shares;

(c)	shall be net of treasury stock and other investments in own shares to the extent that these are already derecognised on the balance sheet in terms of the relevant Financial Reporting Standards issued from time to time;

(d)	shall exclude all other paid-in capital elements and all relevant minority interest.

This item—

(a)	shall reflect the relevant required information in respect of retained earnings, prior to any relevant regulatory adjustment;

(b)	shall include interim profit and loss that complies with the relevant requirements specified in regulation 38(10) of these Regulations;

(c)	shall in accordance with the relevant Financial Reporting Standards issued from time to time exclude any relevant amount related to dividends, that is, dividends shall be removed from this item when they are removed from the balance sheet of the relevant bank or controlling company.

This item shall reflect the relevant required information in respect of accumulated other comprehensive income and other disclosed reserves, prior to any relevant regulatory adjustment

This item—

(a)	applies only to non-joint stock companies;

(b)	shall in the case of joint-stock companies be equal to zero;

(c)	shall reflect the relevant required information in respect of directly issued capital instruments subject to phase-out from CET1 in accordance with the relevant requirements that may be specified in these Regulations or in writing by the Registrar.

This item will be deleted once all the ineligible capital instruments have been fully phased out, that is, from 1 January 2022 onwards.

This item—

(a)	shall reflect the relevant required information in respect of common share capital issued by subsidiaries and held by third parties; and

(b)	shall only reflect the relevant amount that is eligible for inclusion in group CET1.

This item shall reflect the relevant aggregate amount of items 1 to 5.

This item shall reflect the relevant aggregate amount relating to any prudential valuation adjustment required in terms of the provisions of these Regulations or as specified in writing by the Registrar.

This item shall reflect the relevant aggregate amount relating to goodwill, net of any related tax liability.

This item shall reflect the relevant aggregate amount relating to intangibles other than goodwill and mortgage-servicing rights, net of any related tax liability.

This item shall reflect the relevant aggregate amount relating to deferred tax assets that rely on future profitability, excluding those arising from temporary differences, net of any related tax liability.

This item shall reflect the relevant aggregate amount relating to cash-flow hedge reserves as envisaged in regulation 38(5)(a)(i)(D) of these Regulations.

This item shall reflect the relevant aggregate amount relating to any shortfall of provisions to expected losses as envisaged in regulation 38(5)(a)(i)(E) of these Regulations.

This item shall reflect the relevant aggregate amount relating to any securitisation gain on sale as envisaged in regulation 38(5)(a)(i)(F) of these Regulations.

This item shall reflect the relevant amount relating to gains and losses due to changes in own credit risk on fair valued liabilities, as envisaged in regulation 38(5)(a)(i)(G) of these Regulations.

This item shall reflect the relevant aggregate amount relating to defined-benefit pension fund net assets, as envisaged in regulation 38(5)(a)(i)(H) of these Regulations.

This item shall reflect the relevant aggregate amount relating to investments in own shares, to the extent not already netted off against paid-in capital on the reported balance sheet, as envisaged in regulation 38(5)(a)(i)(I) of these Regulations.

This item shall reflect the relevant aggregate amount relating to reciprocal cross-holdings in common equity, as envisaged in regulation 38(5)(a)(i)(J) of these Regulations.

This item shall reflect the relevant aggregate amount relating to investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation where the bank does not own more than 10 per cent of the issued share capital, which amount exceeds the relevant specified 10 per cent threshold and that has to be deducted from CET1, as envisaged in regulation 38(5)(a)(i)(L) of these Regulations.

This item shall reflect the relevant aggregate amount relating to significant investments in the common stock of banking, financial and insurance entities that are outside the scope of regulatory consolidation, which amount exceeds the relevant specified 10 per cent threshold and that has to be deducted from CET1, as envisaged in regulation 38(5)(a)(i)(M) read with regulation 38(5)(b) of these Regulations.

This item shall reflect the relevant aggregate amount relating to mortgage servicing rights, which amount exceeds the relevant specified 10 per cent threshold and that has to be deducted from CET1, as envisaged in regulation 38(5)(b) of these Regulations.

This item shall reflect the relevant aggregate amount relating to deferred tax assets arising from temporary differences, which amount exceeds the relevant specified 10 per cent threshold, net of any related tax liability, and that has to be deducted from CET1, as envisaged in regulation 38(5)(b) of these Regulations.

This item shall reflect the relevant aggregate amount by which the aforesaid three threshold items exceeds the relevant specified 15 per cent threshold, excluding the relevant amounts reported in items 19 to 21 above, calculated in accordance with the relevant requirements specified in regulation 38(5)(b) of these Regulations.

This item shall reflect the relevant amount reported in item 22 that relates to significant investments in the common stock of financials.

This item shall reflect the relevant amount reported in item 22 that relates to mortgage servicing rights.

This item shall reflect the relevant amount reported in item 22 that relates to deferred tax assets arising from temporary differences.

This item shall reflect the relevant aggregate amount relating to any other regulatory adjustments specified in writing by the Registrar that are required to be applied to CET1.

This item shall reflect the relevant aggregate amount relating to regulatory adjustments applied to Common Equity Tier 1 due to insufficient Additional Tier 1 to cover the relevant specified deductions. When the amount reported in item 43 exceeds the amount reported in item 36 the relevant excess amount shall be reported in this item 27.

This item shall reflect the relevant aggregate amount relating to regulatory adjustments to Common equity Tier 1, that is, the sum of items 7 to 22 plus items 26 and 27.

This item shall reflect the relevant adjusted amount of Common Equity Tier 1 capital (CET1), that is, item 6 minus item 28.

This item—

(a)	shall reflect the relevant aggregate amount relating to instruments issued by the parent company of the reporting group that comply with the entry criteria specified in regulation 38(11)(b) of these Regulations for AT1, and any related stock surplus, as envisaged in section 1(1) of the Act;

(b)	shall exclude any relevant amount related to instruments issued by subsidiaries of the consolidated group;

(c)	may include Additional Tier 1 capital issued by an SPV of the parent company only if it meets the relevant requirements specified in these Regulations and such additional requirements as may be specified in writing by the Registrar.

This item shall reflect the relevant aggregate amount included in item 30 above that is classified as equity in accordance with the relevant Financial Reporting Standards issued from time to time.

This item shall reflect the relevant aggregate amount included in item 30 above that is classified as liabilities in accordance with the relevant Financial Reporting Standards issued from time to time.

This item shall reflect the relevant aggregate amount relating to directly issued capital instruments subject to phase out from Additional Tier 1 in accordance with the relevant requirements specified in regulations 38(11)(c) and 38(11)(d) of these Regulations.

This item will be deleted once all the ineligible capital instruments have been fully phased out, that is, from 1 January 2022 onwards.

This item shall reflect the relevant aggregate amount relating to additional Tier 1 instruments, and any CET1 instruments not included in item 5, issued by subsidiaries and held by third parties, in accordance with the relevant requirements specified in regulation 38(14) of these Regulations.

This item shall reflect the relevant aggregate amount included in item 34 above that relates to instruments subject to phase out from AT1 in accordance with the relevant requirements specified in regulations 38(11)(c) and 38(11)(d) of these Regulations.

This item will be deleted once all the ineligible capital instruments have been fully phased out, that is, from 1 January 2022 onwards.

This item shall reflect the relevant aggregate amount of items 30, 33 and 34.

This item shall reflect the relevant aggregate amount relating to investments in own Additional Tier 1 instruments, which amount has to be deducted from AT1 in accordance with the relevant requirements specified in regulation 38(5)(a)(ii)(A) of these Regulations.

This item shall reflect the relevant aggregate amount relating to reciprocal cross-holdings in Additional Tier 1 instruments, which amount has to be deducted from AT1 in accordance with the relevant requirements specified in regulation 38(5)(a)(ii)(B) of these Regulations.

This item shall reflect the relevant aggregate amount relating to investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation where the bank does not own more than 10 per cent of the issued common share capital of the entity, net of eligible short positions, which amount has to be deducted from AT1 in accordance with the relevant requirements specified in regulation 38(5)(a)(ii)(C) of these Regulations.

This item shall reflect the relevant aggregate amount relating to significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, which amount has to be deducted from AT1 in accordance with the relevant requirements specified in regulation 38(5)(a)(ii)(D) of these Regulations.

This item shall reflect the relevant aggregate amount relating to any other regulatory adjustments specified in writing by the Registrar that are required to be applied to AT1.

This item shall reflect the relevant aggregate amount relating to regulatory adjustments applied to Additional Tier 1 due to insufficient Tier 2 to cover the relevant specified deductions. When the amount reported in item 57 exceeds the amount reported in item 51 the relevant excess amount shall be reported in this item 42.

This item shall reflect the relevant aggregate amount of items 37 to 42.

This item shall reflect the relevant adjusted amount of Additional Tier 1 capital (AT1), that is, item 36 minus item 43.

This item shall reflect the relevant aggregate amount relating to Tier 1 capital (T1), that is, item 29 plus item 44.

This item–

(a)	shall reflect the relevant aggregate amount relating to instruments issued by the parent company of the reporting group that comply with all the entry criteria specified in regulation 38(12) of these Regulations for Tier 2, and any related stock surplus, as envisaged in section 1(1) of the Act;

(b)	shall exclude any relevant amount related to instruments issued of subsidiaries of the consolidated group;

(c)	may include Tier 2 capital issued by an SPV of the parent company only if it meets the relevant requirements specified in these Regulations and such additional requirements as may be specified in writing by the Registrar.

This item shall reflect the relevant aggregate amount relating to directly issued capital instruments subject to phase out from Tier 2 in accordance with the relevant requirements specified in regulations 38(12)(b) and 38(12)(c) of these Regulations.

This item will be deleted once all the ineligible capital instruments have been fully phased out, that is, from 1 January 2022 onwards.

This item shall reflect the relevant aggregate amount relating to Tier 2 instruments, and any relevant amount related to CET1 and AT1 instruments not included in items 5 or 32 respectively, issued by subsidiaries and held by third parties, in accordance with the relevant requirements specified in regulation 38(14) of these Regulations.

This item shall reflect the relevant aggregate amount included in item 48 above that relates to instruments subject to phase out from T2 in accordance with the relevant requirements specified in regulations 38(12)(b) and 38(12)(c) of these Regulations.

This item will be deleted once all the ineligible capital instruments have been fully phased out, that is, from 1 January 2022 onwards.

This item shall reflect the relevant aggregate amount relating to provisions or credit impairments included in Tier 2, calculated in accordance with the relevant requirements specified in regulation 23(22) of these Regulations.

This item shall reflect the relevant aggregate amount of items 46 to 48 and item 50.

This item shall reflect the relevant aggregate amount relating to investments in own Tier 2 instruments, which amount has to be deducted from Tier 2 in accordance with the relevant requirements specified in regulation 38(5)(a)(iii) of these Regulations.

This item shall reflect the relevant aggregate amount relating to reciprocal cross-holdings in Tier 2 instruments, which amount has to be deducted from Tier 2 in accordance with the relevant requirements specified in regulation 38(5)(a)(iii) of these Regulations.

This item shall reflect the relevant aggregate amount relating to investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation where the bank does not own more than 10 per cent of the issued common share capital of the entity, net of eligible short positions, which amount has to be deducted from Tier 2 in accordance with the relevant requirements specified in regulation 38(5)(a)(iii) of these Regulations.

This item shall reflect the relevant aggregate amount relating to significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, which amount has to be deducted from Tier 2 in accordance with the relevant requirements specified in regulation 38(5)(a)(iii) of these Regulations.

This item shall reflect the relevant aggregate amount relating to any other regulatory adjustments specified in writing by the Registrar that are required to be applied to Tier 2.

This item shall reflect the relevant aggregate amount of items 52 to 56.

This item shall reflect the relevant aggregate amount of Tier 2 capital (T2), that is, item 51 minus item 57.

This item shall reflect the relevant aggregate amount of total capital, that is, item 45 plus item 58.

This item shall reflect the relevant aggregate amount of total risk weighted exposure of the relevant reporting entity or group.

This item shall reflect Common Equity Tier 1 as a percentage of risk weighted exposure, that is, item 29 divided by item 60, expressed as a percentage.

This item shall reflect Tier 1 as a percentage of risk weighted exposure, that is, item 45 divided by item 60, expressed as a percentage.

This item shall reflect total capital as a percentage of risk weighted exposure, that is, item 59 divided by item 60, expressed as a percentage.

This item—

(a)

shall reflect the relevant institution specific buffer requirement, that is, the South African base minimum requirement plus the relevant specified capital conservation buffer plus the bank-specific countercyclical buffer requirement, calculated in accordance with the relevant requirements specified in these Regulations read with such further directive as may be issued in writing by the Registrar from time to time, plus the G-SIB buffer requirement, expressed as a percentage of risk weighted exposure;

(b)	shall be clearly labelled as being different from the relevant Basel III minimum requirements whenever and wherever the relevant requirements applied in respect of this item 64 differ from the relevant specified Basel III minimum requirements.

The reporting entity shall in the relevant notes to the template separately disclose the impact of any differences between the relevant Basel III minimum requirements and any requirement applied in respect of this item 64.

This item will show the CET1 ratio below which the relevant bank or controlling company will become subject to constraints on distributions, excluding the D-SIB requirement.

This item shall reflect the relevant amount included in item 64, expressed as a percentage of risk weighed exposure, that relates to the capital conservation buffer, that is, after the relevant phase-in period banks will report 2.5% here.

This item shall reflect the relevant amount included in item 64, expressed as a percentage of risk weighed exposure, that relates to the relevant countercyclical buffer requirement.

This item shall reflect the relevant amount included in item 64, expressed as a percentage of risk weighed exposure, that relates to the relevant G-SIB requirement.

This item shall reflect the relevant amount of Common Equity Tier 1 available to meet the relevant specified buffers, expressed as a percentage of risk weighted exposure, that is, the CET1 ratio less any common equity used to meet the relevant Tier 1 and Total capital requirements.

This item shall reflect the relevant national Common Equity Tier 1 minimum ratio, if different from the relevant Basel III minimum.

This item shall reflect the relevant national Tier 1 minimum ratio, if different from the relevant Basel III minimum.

This item shall reflect the relevant national total capital minimum ratio, if different from the relevant Basel III minimum.

This item shall reflect the relevant aggregate amount relating to non-significant investments in the capital of other financials, the total amount of which is not reported in item 18, item 39 and item 54.

This item shall reflect the relevant aggregate amount relating to significant investments in the common stock of financials, the total amount of which is not reported in item 19 and item 23.

This item shall reflect the relevant aggregate amount relating to mortgage servicing rights, the total amount of which is not reported in item 20 and item 24.

This item shall reflect the relevant aggregate amount relating to deferred tax assets arising from temporary differences, the total amount of which is not reported in item 21 and item 25.

This item shall reflect the relevant aggregate amount relating to provisions or credit impairment eligible for inclusion in Tier 2 in respect of exposures subject to the standardised approach, calculated in accordance with the relevant requirements specified in regulation 23(22) of these Regulations, prior to the application of the relevant specified cap.

This item shall reflect the relevant aggregate amount relating to the cap on inclusion of provisions or credit impairment in Tier 2 in terms of the standardised approach, calculated in accordance with the relevant requirements specified in regulation 23(22) of these Regulations.

This item shall reflect the relevant aggregate amount relating to provisions or credit impairment eligible for inclusion in Tier 2 in respect of exposures subject to the internal ratings-based approach, calculated in accordance with the relevant requirements specified in regulation 23(22) of these Regulations, prior to the application of the relevant specified cap.

This item shall reflect the relevant aggregate amount relating to the cap on inclusion of provisions or credit impairment in Tier 2 in terms of the internal ratings-based approach, calculated in accordance with the relevant requirements specified in regulation 23(22) of these Regulations.

This item shall reflect the relevant aggregate amount relating to the current cap on CET1 instruments subject to phase out arrangements.

This item shall reflect the relevant aggregate amount excluded from CET1 due to the cap, that is, the relevant excess over the cap after any relevant redemptions and maturities.

This item shall reflect the relevant aggregate amount relating to the current cap on AT1 instruments subject to phase out arrangements.

This item shall reflect the relevant aggregate amount excluded from AT1 due to the cap, that is, the relevant excess over cap after any relevant redemptions and maturities.

This item shall reflect the relevant aggregate amount relating to the current cap on T2 instruments subject to phase out arrangements.

This item shall reflect the relevant aggregate amount excluded from T2 due to the cap, that is, the relevant excess over cap after any relevant redemptions and maturities.

(D)

this item (D), read with the relevant requirements specified in item (E) below, a bank shall provide a full reconciliation of all relevant regulatory capital elements back to the bank’s published financial statements, which reconciliation, as a minimum, shall be done by following the three-step approach specified below:

(i)	firstly the bank shall disclose in a separate column the respective balances reported in the balance sheet contained in the bank’s published financial statements as at the end of the relevant disclosure period, provided that—

(aa)	when the scope of regulatory consolidation and accounting consolidation is identical, the bank may simply state that there is no difference between the regulatory consolidation and the accounting consolidation and move to the next step, that is, move to step two;

(bb)

as an integral part of the first step, in order to enable all relevant supervisors and market participants to better understand the potential risks posed by unconsolidated subsidiaries, the bank shall disclose a list of the legal entities that are included within the accounting scope of consolidation but excluded from the regulatory scope of consolidation, and vice versa, that is the legal entities that are included in the regulatory scope of consolidation but not included in the accounting scope of consolidation;

(cc)	when some entities are included in both the regulatory scope of consolidation and accounting scope of consolidation, but the method of consolidation differs, the bank shall—

(i)	list the legal entities separately and explain the respective differences in the consolidation methods;

(ii)	in respect of each relevant legal entity also disclose its total balance sheet assets and total balance sheet equity, as stated on the accounting balance sheet of that relevant legal entity, and a description of the principle activities of that entity;

(ii)	thereafter, that is, as the second step, the bank shall, in a separate column titled "balance sheet under regulatory scope of consolidation", disclose the required components specified in the relevant capital disclosure template, provided that—

(aa)

when the template for regulatory scope of consolidation specifies or contains an item that is not contained in the bank’s published financial statements the bank shall add the relevant required line item under the “balance sheet under regulatory scope of consolidation”, and report a balance of zero in the column that reflects the balances in the bank’s published financial statements;

(bb)

the bank is required to expand only those elements of the balance sheet that are necessary to disclose the relevant components that are used in the composition of capital disclosure template, that is, for example, when all of the paid-in capital of the bank complies with the specified requirements for CET1, the bank would not need to expand that line;

(cc)	in order to facilitate the proper completion of step 3, the bank shall assign to each relevant item or element under the column that deals with "regulatory scope of consolidation" a unique reference number or letter; and

(iii)

thereafter, that is, as the third step, the bank shall map each relevant component referred to in sub-item (ii) above to the composition of capital disclosure template specified in item (A) or item (B) above, as the case may be.

For example, the post 1 January 2018 disclosure template includes the line "goodwill net of related deferred tax liability". Next to the disclosure of this item in the template the bank would be required to capture "a - d" or "a minus d" to show that item 8 of the template has been calculated as the difference between component "a" of the balance sheet under the regulatory scope of consolidation, illustrated in step 2, and component "d";

(E)	this item (E), read with the relevant requirements specified in item (D) above, a bank shall provide a full reconciliation of all relevant regulatory capital elements back to the bank’s published financial statements:

Description

Balance sheet as in published financial statements

Under regulatory scope of consolidation

Reference

As at period end

Step 1

Step 2

Assets

Relevant classes/items

For example:

Goodwill and intangible assets of which:

goodwill

-	other intangibles (excluding MSRs)

MSRs

Liabilities

Relevant classes/items

For example:

Current and deferred tax liabilities of which:

-	DTLs related to goodwill

-	DTLs related to intangible assets (excluding MSRs)

-	DTLs related to MSRs

Shareholders' Equity

Relevant classes/items

For example:

Paid-in share capital of which:

-	amount eligible for CET1

-	amount eligible for AT1

Extract of common disclosure template (with added column)		For illustration purposes (part of step 3)
Common Equity Tier 1 capital: instruments and reserves		Source based on reference numbers/ letters of the balance sheet under the regulatory scope of consolidation from step 2
1	Directly issued qualifying common equity or share capital plus related stock surplus	h
6	Common Equity Tier 1 capital before regulatory adjustments (total of items 1 to 5)
Common Equity Tier 1 capital: regulatory adjustments
8	Goodwill, net of related tax liability	a minus d
	Etc

(F)

this item (F), read with the relevant requirements or further description specified in item (G) below, a bank shall, as a minimum, provide to the public a description of the main features of all its relevant regulatory capital instruments, provided that the bank shall insert the text "NA" when a particular item or question is not applicable:

Main features of regulatory capital instruments
1	Issuer
2	Unique identifier (such as CUSIP, ISIN or Bloomberg identifier for private placement)
3	Governing law(s) of the instrument
	Regulatory treatment
4	Transitional Basel III rules
5	Post-transitional Basel III rules
6	Eligible at solo/ group/ group and solo
7	Instrument type
8	Amount recognised in regulatory capital (R’ million, as of most recent reporting date)
9	Par value of instrument
10	Accounting classification
11	Original date of issuance
12	Perpetual or dated
13	Original maturity date
14	Issuer call subject to prior supervisory approval
15	Optional call date, contingent call dates and redemption amount
16	Subsequent call dates, if applicable
	Coupons / dividends
17	Fixed or floating dividend/coupon
18	Coupon rate and any related index
19	Existence of a dividend stopper
20	Fully discretionary, partially discretionary or mandatory
21	Existence of step up or other incentive to redeem
22	Noncumulative or cumulative
23	Convertible or non-convertible
24	If convertible, conversion trigger (s)
25	If convertible, fully or partially
26	If convertible, conversion rate
27	If convertible, mandatory or optional conversion
28	If convertible, specify instrument type convertible into
29	If convertible, specify issuer of instrument it converts into
30	Write-down feature
31	If write-down, write-down trigger(s)
32	If write-down, full or partial
33	If write-down, permanent or temporary
34	If temporary write-down, description of write-up mechanism
35	Position in subordination hierarchy in liquidation (specify instrument type immediately senior to instrument)
36	Non-compliant transitioned features
37	If yes, specify non-compliant features

(G)	this item (G), read with the relevant requirements or further descriptions specified in item (F) above, a bank shall, as a minimum, provide to the public a description of the main features of all its relevant regulatory capital instruments:

Explanation or description of main features1

Identifies issuer legal entity

Free text

Unique identifier, such as CUSIP, ISIN or Bloomberg identifier for private placement

Free text

Specifies the governing law(s) of the instrument

Free text

Specifies the regulatory capital treatment during the Basel III transitional phase, that is, the component of capital from which the instrument is being phased-out

Select from menu:

Common Equity Tier 1

Additional Tier 1

Tier 2

Specifies regulatory capital treatment under Basel III rules not taking into account any transitional treatment

Select from menu:

Common Equity Tier 1

Additional Tier 1

Tier 2

Ineligible

Specifies the level(s) within the group at which the instrument is included in capital

Select from menu:

Solo

Group

Solo and Group

Specifies instrument type

Select from menu:

Menu options specified in writing by the Registrar2

Specifies amount recognised in regulatory capital

Free text

Par value of instrument

Free text

Specifies accounting classification (to assist in the assessment of loss absorbency).

Select from menu:

Shareholders’ equity

Liability – amortised cost

Liability – fair value option

Non-controlling interest in consolidated subsidiary

Specifies date of issuance

Free text

Specifies whether dated or perpetual

Select from menu:

Perpetual

Dated

In the case of —

dated instrument, specifies original maturity date (day, month and year);

perpetual instrument, state “no maturity”.

Free text

Specifies whether there is an issuer call option (to assist in the assessment of permanence).

Select from menu:

Yes

For instrument with issuer call option, specifies first date of call if the instrument has a call option on a specific date (day, month and year) and, in addition, specifies if the instrument has a tax and/or regulatory event call. Also specifies the redemption price. (To assist in the assessment of permanence).

Free text

Specifies the existence and frequency of subsequent call dates, if applicable (to assist in the assessment of permanence).

Free text

Specifies whether the coupon/dividend is fixed over the life of the instrument, floating over the life of the instrument, currently fixed but will move to a floating rate in the future, currently floating but will move to a fixed rate in the future.

Select from menu:

Fixed

Floating

Fixed to floating

Floating to fixed

Specifies the coupon rate of the instrument and any related index that the coupon/dividend rate references.

Free text

Specifies whether the non-payment of a coupon or dividend on the instrument prohibits the payment of dividends on common or ordinary shares, that is, whether or not a dividend-stop provision is in place.

Select from menu:

Yes

Specifies whether the issuer has full discretion, partial discretion or no discretion over whether a coupon/dividend is paid. If the bank has full discretion to cancel coupon/dividend payments under all circumstances the bank shall select “fully discretionary”, including when there is a dividend stopper that does not have the effect of preventing the bank from cancelling payments on the instrument. If there are conditions that must be met before payment can be cancelled, such as qualifying capital below a specified threshold, the bank shall select “partially discretionary”. If the bank is unable to cancel the payment outside of insolvency the bank shall select “mandatory”.

Select from menu:

Fully discretionary

Partially discretionary

Mandatory

Specifies whether there is a step-up clause or other incentive to redeem.

Select from menu:

Yes

Specifies whether dividends / coupons are cumulative or noncumulative.

Select from menu:

Noncumulative

Cumulative

Specifies whether instrument is convertible or not (to assist in the assessment of loss absorbency).

Select from menu:

Convertible

Nonconvertible

Specifies the conditions under which the instrument will convert, including point of non-viability. When one or more authorities have the ability to trigger conversion, the authorities shall be listed. For each of the authorities, state whether it is the terms of the contract of the instrument that provide the legal basis for the authority to trigger conversion, that is, a contractual approach, or whether the legal basis is provided by statutory means, that is, a statutory approach.

Free text

For conversion trigger separately, specifies whether the instrument will:

(i)	always convert fully;

(ii)	may convert fully or partially; or

(iii)

will always convert partially

Free text referencing one of the options above

Specifies rate of conversion into the more loss absorbent instrument (to assist in the assessment of the degree of loss absorbency).

Free text

For convertible instruments, specifies whether conversion is mandatory or optional (to assist in the assessment of loss absorbency).

Select from menu:

Mandatory

Optional

For convertible instruments, specifies instrument type convertible into (to assist in the assessment of loss absorbency).

Select from menu:

Common Equity Tier 1 (CET1)

Additional Tier 1

Tier 2

Other

If convertible, specify issuer of instrument into which it converts.

Free text

Specifies whether there is a write down feature (to assist in the assessment of loss absorbency).

Select from menu:

Yes

Specifies the trigger at which write-down occurs, including point of non-viability. When one or more authorities have the ability to trigger write-down, the authorities shall be listed. For each of the authorities, state whether it is the terms of the contract of the instrument that provide the legal basis for the authority to trigger write-down, that is, a contractual approach, or whether the legal basis is provided by statutory means, that is, a statutory approach.

Free text

For each write-down trigger separately, specifies whether the instrument will:

(i) always be written down fully;

(ii) may be written down partially; or

(iii) will always be written down partially.

(To assist in the assessment of the level of loss absorbency at write-down).

Free text referencing one of the options above

For write down instrument, specifies whether write down is permanent or temporary (to assist in the assessment of loss absorbency).

Select from menu:

Permanent

Temporary

For instrument that has a temporary write-down, description of write-up mechanism.

Free text

Specifies instrument to which it is most immediately subordinate (to assist in the assessment of loss absorbency on gone-concern basis). Where applicable, banks shall specify the column numbers of the instruments in the completed main features template to which the instrument is most immediately subordinate.

Free text

Specifies whether there are non-compliant features.

Select from menu:

Yes

In the case of non-compliant features, the bank shall specify such non-compliant features (to assist in the assessment of instrument loss absorbency).

Free text

Notes:

1.	This template is available in spreadsheet format. In all relevant specified cases, a bank shall select the relevant option from the relevant drop down menu provided in the aforesaid template.

2.	Or the relevant supervisory authority.

(ii)	capital adequacy

A bank shall in respect of the required—

(A)	qualitative information, disclose to the public sufficiently detailed information in respect of the bank's approach to assess the adequacy of the bank’s capital in order to support the bank’s current and future activities;

(B)	quantitative information, disclose to the public such additional information as may be specified in writing by the Registrar;

(iii)

structure

Without derogating from the relevant requirements specified in subregulation (2)(c)(i) above, a bank shall in respect of the required—

(A)	qualitative information, disclose to the public sufficiently detailed information relating to—

(i)	the main features, terms and conditions of all relevant capital instruments issued by the bank, particularly in respect of innovative, complex or hybrid capital instruments, in accordance with the relevant requirements specified in subregulation (2)(c)(i) above;

(ii)	all limits and minima, identifying the positive and negative elements of capital to which such limits and minima apply;

(B)	quantitative information, disclose to the public—

(i)	the amount relating to common equity tier 1 capital and reserve funds;

(ii)	the amount relating to additional tier 1 capital and reserve funds;

(iii)

the relevant amounts relating to tier 2 capital;

(iv)	the relevant amount relating to total qualifying capital and reserve funds;

(v)	a full reconciliation between all instruments and reserves qualifying as capital and reserve funds in terms of the provisions of these Regulations and the balance sheet in the audited financial statements, in accordance with the relevant requirements specified in subregulation (2)(c)(i) above;

(iv)

leverage

Based on the relevant requirements specified in—

(A)	this item (A), a bank shall disclose to the public a reconciliation between the bank’s assets reflected in the bank’s published financial statements and its leverage ratio exposure measure, as set out below:

Reconciliation between accounting assets and leverage ratio exposure measure	Line item	Total
Total consolidated assets as per published financial statements	1
Adjustment for investments in banking, financial, insurance or commercial entities that are consolidated for accounting purposes but are outside the scope of regulatory consolidation	2
Adjustment for fiduciary assets recognised on the balance sheet pursuant to the operative accounting framework but excluded from the leverage ratio exposure measure	3
Adjustments for derivative financial instruments	4
Adjustment for securities financing transactions, that is, repos and similar secured lending	5
Adjustment for off-balance sheet items, that is, conversion to credit equivalent amounts of off-balance sheet exposures	6
Other adjustments	7
Leverage ratio exposure measure	8

(B)	this item (B), read with the relevant further directives, clarifications and instructions specified in item (C) below, a bank shall, based on the leverage ratio common disclosure template set out below, disclose to the public the relevant specified information:

Leverage ratio common disclosure template	Line item	Total
On-balance sheet exposures1
On-balance sheet items, excluding derivatives and SFTs, but including collateral	1
Asset amounts deducted in determining tier 1 capital7	2
Total on-balance sheet exposures, excluding derivatives and SFTs (total of items 1 and 2)	3
Derivative exposures2
Replacement cost associated with all derivatives transactions, net of eligible cash variation margin	4
Add-on amounts for PFE associated with all derivatives transactions	5
Gross-up for derivatives collateral provided where deducted from the balance sheet assets pursuant to the operative accounting framework	6
Deductions of receivables assets for cash variation margin provided in derivatives transactions7	7
Exempted CCP leg of client-cleared trade exposures7	8
Adjusted effective notional amount of written credit derivatives	9
Adjusted effective notional offsets and add-on deductions for written credit derivatives7	10
Total derivative exposures (total of items 4 to 10)	11
Securities financing transaction exposures3
Gross SFT assets (with no recognition of netting), after adjusting for sale accounting transactions	12
Netted amounts of cash payables and cash receivables of gross SFT assets7	13
CCR exposure for SFT assets	14
Agent transaction exposures	15
Total securities financing transaction exposures (total of items 12 to 15)	16
Other off-balance sheet exposures4
Off-balance sheet exposure at gross notional amount	17
Adjustments for conversion to credit equivalent amounts7	18
Off-balance sheet items (total of items 17 and 18)	19
Capital and total exposures
Tier 1 capital5	20
Total exposures (total of items 3, 11, 16 and 19)	21
Leverage ratio6		Ratio
Leverage ratio (expressed as a percentage)	22

1.	Refer to regulation 38(15)(e)(iv)(A).

2.	Refer to regulation 38(15)(e)(iv)(B).

3.	Refer to regulation 38(15)(e)(iv)(C).

4.	Refer to regulation 38(15)(e)(iv)(D).

5.	Refer to regulation 38(15)(d).

6.	Refer to regulation 38(15)(c).

7.	Report as negative amounts or reductions.

(C)	this item (C), read with the relevant requirements specified in item (B) above, a bank shall disclose to the public the relevant information specified in item (B) above:

Item number	Further explanation of common disclosure template
1	This item shall reflect the relevant aggregate amount of on-balance sheet assets, determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(A) of these Regulations.
2	This item shall reflect the relevant aggregate amount of deductions from tier 1 capital, determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(A) of these Regulations, and excluded from the leverage ratio exposure measure, which aggregate amount shall be reported in the common disclosure template as a negative amount.
3	This item shall reflect the relevant aggregate amount of item 1 and item 2.
4	This item shall reflect the relevant aggregate amount of replacement cost (RC) associated with all derivatives transactions, including exposures resulting from transactions with guaranteed performance of clients described in regulation 38(15)(e)(iv)(B) of these Regulations, net of cash variation margin received and with, where applicable, bilateral netting as envisaged in regulation 38(15)(e)(iv)(B) of these Regulations.
5	This item shall reflect the relevant aggregate add-on amount for all derivative exposures determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(B) of these Regulations.
6	This item shall reflect the relevant aggregate grossed-up amount for collateral provided, determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(B) of these Regulations.
7	This item shall reflect the relevant aggregate amount of deductions of receivables assets from cash variation margin provided in derivatives transactions determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(B) of these Regulations, which aggregate amount shall be reported in the common disclosure template as a negative amount.
8	This item shall reflect the relevant aggregate amount of exempted trade exposures associated with the CCP leg of derivatives transactions resulting from client-cleared transactions determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv) (B) of these Regulations, which aggregate amount shall be reported in the common disclosure template as a negative amount.
9	This item shall reflect the relevant adjusted effective notional amount, that is, the effective notional amount reduced by any relevant negative change in fair value, for written credit derivatives, determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(B) of these Regulations.
10	This item shall reflect the relevant amount of adjusted effective notional offsets of written credit derivatives determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(B) of these Regulations, and deducted add-on amounts relating to written credit derivatives determined in accordance with the relevant requirements specified in the said regulation 38(15)(e)(iv)(B) of these Regulations, which aggregate amount shall be reported in the common disclosure template as a negative amount.
11	This item shall reflect the relevant aggregate amount of items 4 to 10.
12	This item shall reflect the relevant aggregate amount related to gross SFT assets with no recognition of any netting other than novation with QCCPs determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(C) of these Regulations, removing specified securities received as determined in accordance with the relevant requirements specified in the said regulation 38(15)(e)(iv)(C) of these Regulations, and adjusting for any sales accounting transactions determined in accordance with the relevant requirements specified in the aforesaid regulation 38(15)(e)(iv)(C) of these Regulations.
13	This item shall reflect the relevant aggregate amount related to cash payables and cash receivables of gross SFT assets netted in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(C) of these Regulations, which aggregate amount shall be reported in the common disclosure template as a negative amount.
14	This item shall reflect the relevant measure of counterparty credit risk for SFTs determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(C) of these Regulations.
15	This item shall reflect the relevant agent transaction exposure amount determined in accordance with the relevant requirements specified in regulation 38(15)(e)(iv)(C) of these Regulations.
16	This item shall reflect the relevant aggregate amount of items 12 to 15.
17	This item shall reflect the relevant total off-balance sheet exposure amounts on a gross notional basis, before any adjustment for credit conversion factors as envisaged in regulation 38(15)(e)(iv)(D) of these Regulations.
18	This item shall reflect the relevant reduction in the gross amount of off-balance sheet exposures due to the application of credit conversion factors specified in regulation 38(15)(e)(iv)(D) of these Regulations.
19	This item shall reflect the relevant aggregate amount of item 17 and item 18.
20	This item shall reflect the relevant aggregate amount of tier 1 capital determined in accordance with the relevant requirements specified in regulation 38(15)(d) of these Regulations.
21	This item shall reflect the relevant aggregate amount of items 3, 11, 16 and 19.
22	This item shall reflect the relevant leverage ratio determined in accordance with the relevant requirements specified in regulation 38(15)(c) of these Regulations.

(v) liquidity position, including—

(A) the Liquidity Coverage Ratio (LCR)

Based on the relevant requirements specified in—

(i)	this sub-item (i), read with the further directives or requirements set out in sub-item (ii) below, a bank shall, as a minimum, in the relevant specified format, disclose to the public the quantitative information specified below:

LCR

(in local currency)

Total unweighted value1

(average)6

Total weighted value2; 3

(average)6

HIGH-QUALITY LIQUID ASSETS

1	Total high-quality liquid assets (HQLA)

CASH OUTFLOWS:

2	Retail deposits and deposits from small business customers of which:

3	Stable deposits

4	Less stable deposits

5	Unsecured wholesale funding of which:

6	Operational deposits (all counterparties) and deposits in networks of cooperative banks

7	Non-operational deposits (all counterparties)

8	Unsecured debt

9	Secured wholesale funding

10	Additional requirements of which:

11	Outflows related to derivative exposures and other collateral requirements

12	Outflows related to loss of funding on debt products

13	Credit and liquidity facilities

14	Other contractual funding obligations

15	Other contingent funding obligations

16	TOTAL CASH OUTFLOWS

CASH INFLOWS:

17	Secured lending (eg reverse repos)

18 Inflows from fully performing exposures

19 Other cash inflows

20	TOTAL CASH INFLOWS

Total adjusted value4; 5

21	TOTAL HQLA4

22	TOTAL NET CASH OUTFLOWS5

23	LIQUIDITY COVERAGE RATIO (%)

Notes:

1.	The unweighted value of inflows and outflows shall be calculated as the relevant outstanding balances of the various specified categories or types of liabilities, off-balance sheet items or contractual receivables that mature or are callable within the relevant specified 30-day period.

2.	The weighted value for inflows and outflows shall be calculated as the value after the application of the relevant inflow and outflow rates or factors.

3.	The weighted value of HQLA shall be calculated as the relevant value after the application of the relevant required haircuts, but prior to the application of any relevant caps on level 2 assets and on level 2B assets.

4.	In the case of HQLA, adjusted value means the value of total HQLA after the application of any relevant haircuts and any relevant caps on level 2 and on level 2B assets.

5.	In the case of net cash outflows, adjusted value means the relevant amount after the application of the relevant inflow and outflow rates or factors and any cap on inflows, when relevant.

6.	Refer to regulation 43(1)(e)(ii)(E)(iii) of these Regulations.

(ii)	this sub-item (ii), read with the relevant requirements specified in sub-item (i) above, a bank shall, in the aforesaid specified format, disclose to the public the relevant specified quantitative information:

Item number

Description

This item shall reflect the relevant aggregate amount relating to all eligible high-quality liquid assets (HQLA), as defined in the Act and these Regulations, before the application of any relevant limits, which aggregate amount—

(a)	shall include, where applicable, any relevant aggregate amount relating to assets qualifying under alternative liquidity approaches specified in writing by the Registrar;

(b)	shall exclude any amount related to assets that do not comply with the relevant specified operational requirements.

This item, which relates to retail deposits and deposits from small business customers, shall reflect the relevant aggregate amount relating to stable deposits, less stable deposits and any other relevant funding sourced from—

(a)	natural persons; and/or

(b)	small business customers as defined in these Regulations or specified in writing by the Registrar.

This item shall reflect the relevant aggregate amount relating to stable deposits, including deposits placed with the bank by a natural person and unsecured wholesale funding provided by small business customers defined as "stable" in terms of these Regulations.

This item shall reflect the relevant aggregate amount relating to less stable deposits, including deposits placed with the bank by a natural person and unsecured wholesale funding provided by small business customers not defined as "stable" in terms of these Regulations.

This item shall reflect the relevant aggregate amount relating to unsecured wholesale funding, that is, the relevant aggregate amount relating to those liabilities and general obligations from customers other than natural persons and small business customers that are not collateralised.

This item shall reflect the relevant aggregate amount relating to—

(a)	operational deposits, including deposits from bank clients with a substantive dependency on the bank where deposits are required for specified activities, such as clearing, custody or cash management activities; and

(b)	deposits in institutional networks of cooperative banks, which include deposits of member institutions with the central institution or specialised central service providers.

This item shall reflect the relevant aggregate amount relating to non-operational deposits, that is, the relevant aggregate amount relating to all other relevant unsecured wholesale deposits, both insured and uninsured.

This item shall reflect the relevant aggregate amount relating to unsecured debt, including amounts related to all relevant the bond is sold exclusively in the retail market and held in retail accounts.

This item shall reflect the relevant aggregate amount relating to secured wholesale funding, that is, the relevant aggregate amount relating to all collateralised liabilities and general obligations.

This item shall reflect the relevant aggregate amount relating to any relevant additional requirements, such as other off-balance sheet liabilities or obligations.

This item shall reflect the relevant aggregate amount relating to any outflows related to derivative exposures and other relevant collateral requirements, including—

(a)	expected contractual derivative cash flows, on a net basis;

(b)	increased liquidity needs related to:

(i)	downgrade triggers embedded in financing transactions, derivative and other contracts;

(ii)	the potential for valuation changes on posted collateral securing derivatives and other transactions;

(iii)

excess non-segregated collateral held at the bank that could contractually be called at any time;

(iv)	contractually required collateral on transactions for which the counterparty has not yet demanded that the collateral be posted;

(v)	contracts that allow collateral substitution to non-HQLA assets; and

(vi)	market valuation changes on derivatives or other transactions.

This item shall reflect the relevant aggregate amount relating to any outflow related to loss of funding in respect of secured debt products, including a loss of funding in respect of—

(a)	asset-backed securities, covered bonds and other structured financing instruments; and

(b)	asset-backed commercial paper, conduits, securities investment vehicles and other such financing facilities.

This item shall reflect the relevant aggregate amount relating to all relevant credit and liquidity facilities, including drawdowns on committed, that is, contractually irrevocable, or conditionally revocable credit and liquidity facilities, provided that the bank shall calculate the currently undrawn portion of the said facilities net of any eligible HQLA when the HQLA have already been posted as collateral to secure the facilities or are contractually obliged to be posted when the counterparty draws down the facility.

This item shall reflect the relevant aggregate amount relating to all other contractual funding obligations, including contractual obligations to extend funds within a 30-day period, and all other relevant contractual cash outflows not captured elsewhere.

This item shall reflect the relevant aggregate amount relating to all other relevant contingent funding obligations, as defined or specified in regulation 26(12) of these Regulations.

This item shall reflect the relevant aggregate amount relating to all outflows included in items 2 to 15 above.

This item shall reflect the aggregate amount relating to all relevant secured lending transactions, including the aggregate amount relating to all relevant maturing reverse repurchase, resale and securities borrowing agreements.

This item shall reflect the relevant aggregate amount relating to all inflows from fully performing exposures, including both secured and unsecured loans or other payments that are fully performing and contractually due within 30 calendar days, from retail and small business customers, other wholesale customers, operational deposits and deposits held at the centralised institution in a cooperative banking network.

This item shall reflect the aggregate amount relating to all other relevant cash inflows, including the aggregate amount relating to derivatives cash inflows and all other relevant contractual cash inflows.

This item shall reflect the relevant aggregate amount relating to all inflows included in items 17 to 19.

This item shall reflect the relevant aggregate amount relating to the bank’s total portfolio of HQLA, after the application of any relevant cap on Level 2 and Level 2B assets.

This item shall reflect the relevant aggregate amount relating to the bank’s total net cash outflows, after the application of any relevant cap on cash inflows.

This item shall reflect the bank’s relevant Liquidity Coverage Ratio, after the application of any relevant cap on Level 2 and Level 2B assets and any relevant cap on cash inflows.

(B)	the Net Stable Funding Ratio (NSFR.

[Regulation 43(2)(c) substituted by regulation 24(j) of Notice No. 297, GG 40002, dated 20 May 2016]

Banks Act, 1990 (Act No. 94 of 1990)

Regulations

Regulations relating to banks - 2013

Chapter III : Corporate Governance

43. Public disclosure

Subregulation (2)(c) Financial position

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