Financial Markets Act, 2012 (Act No. 19 of 2012)

Regulations

Financial Markets Act Regulations

Chapter VI : Central Counterparties

23. Specific capital requirements for credit risk, counterparty credit risk and market risk

Purchase cart Previous page Return to chapter overview Next page

 

(1)A central counterparty must calculate its capital requirements referred to in Regulation 22(2) as the sum of 8% of its risk-weighted exposure amounts for credit risk and its risk-weighted exposure amounts for counterparty credit risk and its capital requirements for market risk.

 

(2)A central counterparty must use the methods of calculation as specified in—
(a)Regulation 30 for the calculation of capital requirements for market risk which is not covered by specific financial resources as referred to in Regulations 31, 33, 35 and 36;
(b)Regulation 26 for the calculation of the risk-weighted exposure amounts for credit risk which is not covered by specific financial resources as referred to in Regulations 31, 33, 35 and 36;
(c)Regulations 27, 28 and 29 for the calculation of the risk-weighted exposure amounts for counterparty credit risk which is not covered by specific financial resources as referred to in Regulations 31, 33, 35 and 36.