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The official Financial Regulation Journal of SAIFM

FSCA Communication 24 of 2023 (FM/CRA) – Draft Equivalence Framework and Requirements for Public Consultation

The Financial Sector Conduct Authority (FSCA) has released a draft Equivalence Framework for Financial Markets and a draft Determination outlining requirements for external central counterparty and external trade repository license applications. These documents are open for public consultation.

Purpose:

This communication serves to inform stakeholders of the FSCA’s publication of the draft Equivalence Framework and Determination for public consultation.

The Equivalence Framework outlines the FSCA’s approach for assessing the equivalence of a foreign jurisdiction’s regulatory framework with that of the Financial Markets Act, 2012 (FMA) and the Credit Rating Services Act, 2012 (CRSA).

The Determination provides guidance on the application process for external central counterparty and external trade repository licenses.

Comments Invited:

Stakeholders and interested parties are encouraged to provide feedback on these drafts by November 20, 2023. Comments should be directed to “Talita Mshweshwe” using the provided comments template via email at FSCA.RFDStandards@fsca.co.za.

Draft Equivalence Framework and Determination –for public consultation.zip

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