Prudential Authority Proposes 'Business of a Bank' Exemptions for Non-Banks

Posted 20 May 2026

The Prudential Authority has called for public comment on a draft directive proposing to exempt certain payment activities from the definition of the 'business of a bank' under the Banks Act.

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FSCA Issues Draft Conduct Standards for Benchmarks and Market Infrastructures

Posted 05 May 2026

The Financial Sector Conduct Authority (FSCA) has released two draft conduct standards for public comment, focusing on benchmark provision and the governance of market infrastructures.

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SARB MPG Draft White Paper: Tax Implications of Jibar to ZARONIA Transition

Posted 23 April 2026

The South African Reserve Bank’s Market Practitioners’ Group has released a draft White Paper addressing the potential tax consequences of transitioning financial contracts from the Johannesburg Interbank Average Rate to the South African Rand Overnight Index Average.

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Prudential Authority: Draft Public Disclosure Standard for Insurers

Posted 20 April 2026

The Prudential Authority has called for comments on a revised draft prudential standard regarding public disclosures for insurers, following proposals first issued in 2021.

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Draft Capital Flow Management Regulations: Comments Invited

Posted 17 April 2026

National Treasury has released draft capital flow management regulations under the Currency and Exchanges Act, 1933, for public comment, proposing to replace the 1961 regulations and bring crypto-assets under exchange control oversight.

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National Treasury Gazettes Summaries for COFI and AMLCTF Amendment Bills

Posted 17 April 2026

National Treasury has published explanatory summaries for the Conduct of Financial Institutions Bill and the General Laws (Anti-Money Laundering & Combating Terrorism Financing) Amendment Bill ahead of their formal introduction to Parliament.

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FSCA Consults on Capital Markets and Conduct Proposals

Posted 01 April 2026

The Financial Sector Conduct Authority (FSCA) has released four draft conduct standards and regulatory frameworks for public comment, targeting benchmarks, OTC derivatives, short selling, and market infrastructure.

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FIC Issues Final Guidance on Credit Provider Definition under FICA

Posted 31 March 2026

The Financial Intelligence Centre has released a final compliance communication clarifying the scope and application of the term ‘credit provider’ as defined in Item 11 of Schedule 1 to the Financial Intelligence Centre Act, No. 38 of 2001.

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Draft Directive on Special Purpose Institutions Issued for Comment

Posted 25 March 2026

The Prudential Authority has released a draft directive under the Banks Act, No. 94 of 1990, proposing new auditing and reporting requirements for issuer special purpose institutions to enhance risk monitoring of securitisation schemes.

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FIC Draft Guidance: Geolocation Registration for Accountable Institutions

Posted 19 March 2026

The Financial Intelligence Centre has released a draft compliance communication for comment, clarifying the registration of geolocation data for branches and subsidiaries of accountable institutions.

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Banks: Input Sought on Auditors’ Reporting Obligations Directive

Posted 13 March 2026

The Prudential Authority has released a draft directive for public comment regarding the reporting obligations of auditors under the Banks Act, No. 94 of 1990.

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Banks: Draft Directive on Internal Liquidity Adequacy Assessment

Posted 10 March 2026

The Prudential Authority has issued a draft directive prescribing requirements for the Internal Liquidity Adequacy Assessment Process (ILAAP), with comments due by 30 April 2026.

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FIC Issues Draft Guidance for SPVs under FICA

Posted 03 March 2026

The Financial Intelligence Centre (FIC) has released a draft public compliance communication (PCC) providing guidance to Special Purpose Vehicles (SPVs) that qualify as accountable institutions under the Financial Intelligence Centre Act, No. 38 of 2001.

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FIC Draft Guidance: Crypto Asset Travel Rule Implementation

Posted 02 March 2026

The Financial Intelligence Centre has published a draft public compliance communication regarding the implementation of the ‘travel rule’ for crypto asset service providers.

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Banks Act: Draft Amendments to Market and Credit Valuation Adjustment Risk Regulations

Posted 24 February 2026

The Prudential Authority has released a draft directive proposing amendments to the Banks Act regulations regarding market and credit valuation adjustment risk capital calculations.

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SARB Proposes Replacing Prime Lending Rate with Repo Rate

Posted 17 February 2026

The South African Reserve Bank has released a discussion document proposing the replacement of the prime lending rate with the repurchase (repo) rate as the primary reference rate for financial contracts.

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Financial Sector & Deposit Insurance Levies Act: Schedule 1 Table A Amended

Posted 13 February 2026

National Treasury has substituted Table A of Schedule 1 to the Financial Sector & Deposit Insurance Levies Act, No. 11 of 2022, updating the levy structure for entities supervised by the Prudential Authority.

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Prudential Authority: Draft Framework for Informal Cross-Border Remittances

Posted 14 January 2026

The Prudential Authority is seeking public comment on a draft regulatory framework for alternative and informal cross-border remittance providers to align with FATF Recommendation 14.

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FIC: Draft Directive on Additional Registration Information

Posted 22 December 2025

The Financial Intelligence Centre (FIC) has issued a draft directive under section 43B of the FIC Act, proposing that accountable institutions provide detailed information on their group structures, including branches and subsidiaries.

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FSCA and PA Propose Changes to OTC Derivative Reporting Requirements

Posted 11 December 2025

The Financial Sector Conduct Authority and the Prudential Authority have issued a joint communication proposing amendments to regulatory reporting obligations for non-centrally cleared over-the-counter (OTC) derivative transactions.

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Financial Sector Regulation Act: Transitional Arrangements Extended

Posted 28 November 2025

National Treasury has gazetted a notice extending the transitional arrangements under the Financial Sector Regulation Act, No. 9 of 2017, for medical schemes, pension funds, and other financial entities.

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SARB Issues Draft NPS Directive and Exemption Notice under Banks Act

Posted 19 November 2025

The South African Reserve Bank has released a draft directive and exemption notice under the Banks Act, No. 94 of 1990, targeting national payment system activities and closed-loop payment systems.

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Banks Act: Draft Directive on Interest Rate Risk Standards

Posted 03 November 2025

The Prudential Authority has released a draft directive proposing the conversion of Regulation 30 of the Banks Act into a prudential standard to align with Basel Committee requirements.

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Banks Act: Draft Directive on Large Exposures Measurement and Control

Posted 22 October 2025

The Prudential Authority has invited comments on a draft directive under the Banks Act, No. 94 of 1990, governing the measurement and control of large exposures.

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Banks: Prudential Authority Replaces Climate-Related Disclosure Guidance

Posted 14 October 2025

The Prudential Authority has issued an updated guidance note for banks, branches of foreign institutions, and controlling companies regarding climate-related risk disclosures.

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