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DocumentClosedgazette notice

Prudential Authority gazette_notice

Prudential AuthorityRef: https://www.resbank.co.za/en/home/publications/publication-detail-pages/prudential-authority/pa-deposit-takers/banks-directives/2026/d4-of-2026

Official source

Source domain: resbank.co.za

Collected on 11 July 2026

Always confirm details on the official source before acting.

Our copy (archived 21 July 2026)Official source

What this means

This document is “Directive 4 of 2026 – Matters relating to securitisation vehicles (BA501)” issued by the South African Reserve Bank’s Prudential Authority. It responds to risks identified during the 2007–2008 global financial crisis, including insufficient transparency about underlying asset performance, credit deterioration, and risk concentrations in securitisation structures. The directive instructs issuer special purpose institutions (SPIs) on the additional information they must provide under Directive 1 of 2012 (dated 23 January 2012) and on the declaration that must be submitted to the Prudential Authority. The publication date and last modified date are 2026-07-10.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

regulatory reporting requirementOngoing

Compliance opportunity for issuer special purpose institutions (SPIs) to provide additional securitisation risk information and submit a declaration to the Prudential Authority

Issuer special purpose institutions (SPIs) must provide the additional information required under Directive 1 of 2012 and submit the required declaration to the Prudential Authority, as set out in Directive 4 of 2026 (BA501).

Who it is for
issuer special purpose institutions (SPIs) involved in securitisation vehicles
How to act on it
Follow the requirements in Directive 4 of 2026 (BA501) to provide the additional information required under Directive 1 of 2012 and submit the declaration to the Prudential Authority.
Show the line this came from
The 2007–2008 global financial crisis (GFC) revealed certain risks in some securitisation structures, which necessitated the PA requiring additional risk information to enhance its understanding of the risks in the South African securitisation market.
How to apply

Facts

Reference

https://www.resbank.co.za/en/home/publications/publication-detail-pages/prudential-authority/pa-deposit-takers/banks-directives/2026/d4-of-2026

Key Takeaways

  • Directive: 4 of 2026
  • Title: Matters relating to securitisation vehicles
  • Reference/Code: BA501
  • Issuer special purpose institutions (SPIs) must provide required information
  • Directive 1 of 2012 (dated 23 January 2012) is referenced
  • Declaration required to be provided to the Prudential Authority (PA)
  • Reason: risks revealed by the 2007–2008 global financial crisis
  • Published date: 2026-07-10
  • Last modified date: 2026-07-10, 13:52
  • South African Reserve Bank (SARB)
  • Prudential Authority (PA)
  • Issuer special purpose institutions (SPIs)