National Environmental Management Act, 1998 (107 of 1998)
R 385
Financial Markets Act, 2012 (Act No. 19 of 2012)RegulationsFinancial Markets Act RegulationsChapter VI : Central Counterparties25. Capital calculation requirements for operational risk |
| (1) | A licensed central counterparty must calculate its capital requirements for operational risk using either the Basic Indicator Approach or Advanced Measurement Approach as approved by the Authority. |
| (2) | If a licensed central counterparty adopted the Advanced Measurement Approach for the measurement of its exposure to operational risk, it may not revert to the Basic Indicator Approach without the prior written approval of the Authority. |
25.2 Advanced measurement approach
