Financial Markets Act, 2012 (Act No. 19 of 2012)

Regulations

Purchase

(1)	A licensed central counterparty must establish and implement policies and procedures to—

(a)	mark-to-market its collateral on a near to real time basis; and

(b)	monitor on a near to real time basis the credit quality, market liquidity and price volatility of each asset accepted as collateral.

(2)	A central counterparty must review the adequacy of its valuation policies and procedures—

(a)	on a regular basis, and at least annually; or

(b)	whenever a material change occurs that affects the central counterparty’s risk exposure.