The SARB’s reformed monetary policy implementation framework (MPIF) provides banks with quotas for excess reserves. All balances within quotas earn the policy rate, while balances above quotas earn repo less 100 basis points. Bank quotas are re-calculated every six months based on updated balance sheet data. The initial quotas for the MPIF reform used data available as of April 2022, so the next update was due in October 2022. This Notice provides that update.