Regulatory Alerts2008-05-07
G1/08: Status of previously issued guidance notes
The South African Reserve Bank's Office of the Registrar of Banks issued Guidance Note 1/2008 to establish the process for informing banks and auditors of the status of previously issued guidance notes. This annual notification identifies which prior guidance notes remain effective for the ensuing year in terms of section 6(5) of the Banks Act, 1990. Recipients are required to return a signed acknowledgement of receipt, countersigned by the chief executive officer and independent auditors, to the Registrar.
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