Regulatory Alerts2021-01-27
Status of Previously Issued Circulars (C1/2021)
The Prudential Authority issued Circular 1/2021 to confirm the ongoing validity of previously published circulars and directives under South Africa's Banks Act, 1990. The document lists specific effective circulars that regulated entities must retain and clarifies that section 6(6) directives remain in force until formally withdrawn in writing. Addressees, including banks, foreign branches, controlling companies, and auditors, are required to keep copies of these confirmed circulars and return signed acknowledgements of receipt.
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