Standard Contractual Recognition of South African Resolution Stay Clause

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This standard contractual recognition clause is intended to allow market participants to bilaterally amend contracts to include contractual recognition of stay powers language in agreements subject to the requirements of the Prudential Standard RA01 – Stays on Early-Termination Rights and Resolution Moratoria on Contracts of Designated Institutions in Resolution regarding contractual stays on early termination rights and resolution moratoria.

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