We refer to your comments to the Financial Sector Conduct Authority (Authority) on the Revised Draft Conduct Standard – Requirements relating to the provision of a benchmark, as published for public consultation in November 2022.
This serves as notification that the Authority on 02 November 2023 published the following documents on the Authority’s website:
– FSCA Communication 28 of 2023 (FM) – Publication of a Discussion Document on financial benchmarks and industry questionnaire – for public comment
– Discussion Document – Development of a framework for the regulation and supervision of financial benchmarks – Request for input
– Annexure A – Questionnaire – Discussion Document – Provision of a benchmark
The documents are available on the Authority’s website www.fsca.co.za under Home > Regulatory Framework > Documents for Consultation > Capital Markets > 2023 or by clicking on the following link: Capital Markets https://www.fsca.co.za/Regulatory%20Frameworks/Pages/Capital-Markets.aspx
The FSCA Communication is also available under Home > Regulatory Framework > Industry Communication > Capital Markets > FSCA Communication or by clicking on the following link: Industry Communication https://www.fsca.co.za/Regulatory%20Frameworks/Temp/FSCA%20Communication%2028%20of%202023%20(FM).pdf
As an interested party in the developments related to the regulation and supervision of financial benchmarks in South Africa, you are invited to complete the Questionnaire set out in Annexure A published with the Discussion Document and submit same in Word format to the Authority via email to FSCA.RFDstandards@fsca.co.za by 14 December 2023.
For further information regarding the FSCA Communication, please contact Roslynne van Wyk at FSCA.RFDStandards@fsca.co.za.
Copies of the documents are below: