Transcription of REGULATING OVER-THE-COUNTER DERIVATIVE …
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REGULATING OVER-THE-COUNTER DERIVATIVE MARKETS IN SOUTH AFRICAFINANCIAL MARKETS ACT REGULATIONS 2016made in terms of the Financial Markets Act (No. 19 of 2012)INTRODUCTIONN ational Treasury is publishing a third draft of the Ministerial Regulations (the Regulations) made in terms of the Financial Markets Act No. 19 of 2012 to enhance the governance, operational and risk management requirements for market infrastructures and to provide for matters relating to the provision of securities services in OVER-THE-COUNTER (OTC) derivatives . The Regulations were developed and first published in 2014, and again in 2015. This memorandum provides background to, and an explanation of, the proposed Regulations and proposed amendments to certain provisions of the Financial Markets document must be read in conjunction with: The Financial Markets Act The Financial Sector Regulation Bill and related documents on Twin Peaks available on the National Treasury website at The National Treasury Response Document to inform consequential amendments to the Financial Markets Act published on the website at The draft Regulations and related documents avai
REGULATING OVER-THE-COUNTER DERIVATIVE MARKETS IN SOUTH AFRICA FINANCIAL MARKETS ACT REGULATIONS 2016 made in terms of the Financial Markets Act (No. 19 of 2012)
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