meta_id 3082897

On April 21, 2026, the Reserve Bank of South Africa (SARB) Prudential Authority (PA) published a proposed directive establishing new requirements for Directive BA returns to be submitted with effect from July 1, 2026. The proposed directive introduces updated submission requirements for regulated entities subject to the PA's oversight. The directive specifies new reporting forms and annexures, including BA900, BA920, BA930, and BA940, which detail the information and data that entities must provide in their returns. These forms establish standardised reporting templates and requirements for financial institutions to comply with the PA's prudential framework. The directive aims to enhance the PA's ability to monitor and assess the financial condition and risk profile of regulated entities through more comprehensive and structured reporting. The updated requirements reflect evolving regulatory expectations and may address changes in the PA's supervisory priorities, risk management standards, or data collection needs for prudential oversight purposes. The proposed directive is subject to consultation, and regulated entities and other stakeholders are invited to submit comments on the proposed requirements. The effective date for implementation is July 1, 2026, at which point all Directive BA returns must be submitted in accordance with the new requirements and forms specified in the directive and its annexures. Entities should review the proposed directive and associated annexures to understand the new submission obligations and prepare for compliance ahead of the implementation date. **References:** Reserve Bank of South Africa Prudential Authority. Proposed Directive BA returns to be submitted from 1 July 2026. April 21, 2026. Available at: https://www.resbank.co.za/