NOTIFICATION - PRUDENTIAL AUTHORITY GOVERNMENT BOND CURVE In terms of paragraph 13.1 of Prudential Standard FSI 2.2 [Valuation of Technical Provisions], prescribed in terms of the Insurance Act, 2017(Act No. 18 of 2017):   “Unless otherwise approved by the Prudential Authority, insurers must use the government bond curve published by the Prudential Authority as the risk-free interest rate term structure to discount cash-flows for the purposes of valuing technical provisions”   The current data set in terms of which the Prudential Authority (PA) government bond curve is constructed (as published on a monthly basis), constitutes the following instruments[1]: {SADR1T Curncy; SADRC Curncy; SADRF CMPL Curncy; ZARI9M Curncy; ZARI12M CMPL Curncy; R208; R2023; R186; R213; R209; R2048}.   The PA performs a review of the data set from time to time. Following a review of the data set, the constituents have been expanded to include further instruments and is as follows: {SADR1TCurncy; SADRCCurncy; SADRFCMPL Curncy; ZARI9MCurncy; ZARI12MCMPL Curncy; R208; R2023; R186; R213; R2030; R2032; R2035; R209; R2037; R2040; R2044; R2048}.   The PA recalculated the October 2020 government bond curve (i.e. using market data as at 1 November 2020) based on the updated data set, and in terms of this Notification, it is published for information purposes only.   With effect from 1 December 2020, the PA will publish the government bond curve on the revised data set, and it must be applied in terms of paragraph 13.1 of FSI 2.2.   Should you have any queries, please contact Mr Brian Mapaure at e-mailBrian.Mapaure@resbank.co.za.   Date: 13 November 2020 [1] Bloomberg quotes