SA regulator seeks feedback on OTC regulations

The National Treasury, Reserve Bank and Financial Services Board of South Africa are seeking public comment on proposed regulations for unlisted over-the-counter (OTC) derivatives. The proposed regulations, said the regulators, will ensure that South Africa can meet its G20 obligations in terms of the regulation of the OTC derivatives market. The draft regulations will enhance supervision of the South African OTC derivatives market by requiring that OTC derivative providers (ODPs) are authorise