Establish a payment bridge and switch to enable seamless transactions with government.Introduce payment standards and interoperability through Integrated Financial Management System (IFMS).Develop a national green finance classification systemExtension of market abuse rules to new asset classes as part of market integrity reforms.Comprehensive upgrade and rollout of South Africa’s digital identity verification system. Verification for both public and private sector services, including banks, insurers and telcos.New requirements for cybersecurity resilience, eg, all financial institutions to adopt robust cybersecurity, risk management and incident response frameworksComprehensive review and overhaul of the regulatory framework for the distribution of funeral insuranceNational Treasury and Stats SA are implementing new data collection protocols, digital platforms and legislative reforms to modernise the national statistics systemInclude AI governance principles in the Joint Standard on Culture and Governance with a financial sector focus.Implementation of regulatory reporting requirements for margin on non-centrally cleared OTC derivatives, using the Umoja platform to submit returns
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